Launched in April 2023 as a pure meme currency on Ethereum with 420.69 trillion
Most tokens (~93%) are locked in liquidity pools and ownership has been given up in favor of the community
Implements a deflationary burn for each transaction and redistributes a portion to the holders
The large supply offers small prices per token (like $0.000011), making it look "cheap" and psychologically attractive
Launched in 2020 with a maximum supply of 1 quadrillion tokens
Created to mimic the success of Dogecoin, and it's a "Dogecoin killer" with a strong community backing
The massive supply allows for extremely low pricing ("seems cheap"), encouraging collective participation, even though inflation requires massive demand to drive value.
Appeared in 2013 as a joke based on the meme "Doge"
There is no maximum supply, with 5 billion DOGE being created each year
It aligns its infinite supply with its purpose as a currency "playful and friendly", which highlights the transactions instead of scarcity
Psychological pricing: Very low prices per unit (like $0.000001) make it seem within reach - even a few dollars buy millions of tokens.
Inflation rewards in Dogecoin work to support miners and facilitate its use as a currency.
Baby and Shiba are burned for tokens sporadically, but the large initial supply mitigates dramatic price volatility.
Speculation and hype: The success of meme coins relies on community madness, not fundamentals. Massive supplies encourage holding and social media-driven volatility.
These assets are high-risk speculative, driven by hype, not utility.
The massive supplies require huge buying volume to move prices reasonably (for example, Shiba needs trillions of market value to reach $0.01
Baby and Shiba use and Dogecoin and many other meme currencies have astronomical supplies that make them look "cheap", amplify community-driven hype, and fuel speculative behavior. But this also means that real gains require massive demand, and their volatility remains extremely high.