A **meme coin** is a type of cryptocurrency that is typically created as a joke or parody, often inspired by internet memes, social media trends, or pop culture. Despite their humorous or unserious origins, some meme coins have gained significant popularity and market value due to viral community support and hype.
### Key Traits of Meme Coins:
* **Community-driven:** Success depends heavily on social media buzz and online communities.
* **High volatility:** Prices can skyrocket or crash rapidly.
* **Low or no utility:** Often launched without a clear use case or technological innovation.
* **Examples:**
* **Dogecoin (DOGE):** The original meme coin, inspired by the Doge meme.
* **Shiba Inu (SHIB):** A Dogecoin-inspired coin that gained a cult following.
* **Pepe (PEPE), Wojak (WOJAK), Floki (FLOKI):** Other meme coins riding on internet culture.
Would you like help creating your own meme coin or understanding how to invest in one?
