Essential

Meme Coin

A cryptocurrency created as a joke or based on internet memes, often with no utility but high speculation.

Definition

A meme coin is a cryptocurrency inspired by internet memes, jokes, or social media trends rather than technological innovation. While some (like Dogecoin) have gained mainstream attention, most are highly speculative with extreme volatility and risk of total loss.

How It Works

Created as jokes or community tokens
Value driven by social media hype and community
Often have unlimited or massive token supply
Little to no underlying utility or technology

Types of Meme Coin

Dogecoin (DOGE)

The original meme coin, created in 2013

Shiba Inu (SHIB)

Self-proclaimed "Dogecoin killer"

Pepe (PEPE)

Based on Pepe the Frog meme

Solana Meme Coins

BONK, WIF, and others on Solana

Trading Tips

Extremely high risk - only trade what you can lose entirely

Watch social media sentiment and influencer posts

Liquidity can disappear instantly (rug pulls)

Most meme coins go to zero - survivorship bias

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