#MemecoinSentiment

What is a memecoin?

Memecoins are cryptocurrencies that are tied to virtual trends and have limited real world use-cases. They are often linked to memes and celebrities.

In recent years, some traders have used memecoins as a way to earn quick profits. Because memecoins often rise in value very quickly, some traders have used them to earn large profits in a short timespan.

Examples of memecoins include the following:

DOGE: Dogecoin was one of the first popular memecoins, based on the popular ‘Doge’ meme.

CHILLGUY: A token based on the viral ‘Chill guy’ meme.

TRUMP: A memecoin launched by President Trump shortly before his 2025 inauguration.

Because memecoins can rise in price quickly, they’ve become popular amongst influencers and investors. As a result, it’s now common to see videos like ‘The top 5 memecoins you need to watch’ on TikTok and Telegram/Discord communities specifically dedicated to memecoin trading

👉What are the risks of investing in memecoins? 👈

Some critics compare memecoins to gambling. Because these coins have little inherent value, they can crash at a moment’s notice.

In addition, memecoins have been used in ‘pump and dump’ scams — where a group of insiders hypes up a cryptocurrency, before selling off their tokens and leaving investors with worthless assets.

Why are memecoins becoming more popular?

In 2024, memecoins became one of the most dominant forces in crypto.

Memecoins accounted for 31% of global crypto investor interest — surpassing every other cryptocurrency investment narrative including DeFi, AI, and gaming.

The growth of memecoins was driven by a combination of factors:

Bullish sentiment: As the crypto market rebounded from the 2022–2023 downturn, investors were more willing to take risks and speculate on memecoins.