Meme coins are cryptocurrencies inspired by internet memes, often created as jokes. The most notable examples include Dogecoin and Shiba Inu, which gained popularity through social media and celebrity endorsements, particularly by Elon Musk. These coins typically have no intrinsic value or utility, relying instead on community engagement and viral trends for their market performance
. While some investors have profited significantly, meme coins are highly volatile and speculative, making them risky investments
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. Despite their humorous origins, they can achieve substantial market capitalizations