#MileiMemeCoinControversy

Meme coins are a category of cryptocurrencies inspired by internet memes, viral trends, or cultural references. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, meme coins often lack strong technical fundamentals or a clear use case. Instead, their value is largely driven by social media hype, community engagement, and endorsements from influencers or celebrities.

, launched in 2013 as a joke, was the first meme coin and remains one of the most popular. Since then, many others, like , have emerged, often gaining massive followings. These coins tend to be highly volatile, with prices rising and falling dramatically based on market sentiment.

While many meme coins are purely speculative, some developers attempt to add utility, such as decentralized finance (DeFi) applications, staking, or NFT integration. Despite the risks, meme coins continue to attract investors looking for high-risk, high-reward opportunities in the crypto space.