🪙 A meme coin is a type of altcoin that is inspired by internet memes, jokes, or trends. 🤔 They often start with no value or serious purpose but can gain popularity through social media hype and community support.
Purpose of Creation:
▶️ Usually created for fun, but later gain utility.
💲Their value is mostly driven by speculation and virality rather than technology.
📢Some Famous Meme Coins:📢
Dogecoin (DOGE) – The first major meme coin, inspired by the Shiba Inu dog meme.
Shiba Inu (SHIB) – A meme coin aiming to be a “Dogecoin killer”.
Pepe (PEPE) – Inspired by the Pepe the Frog meme.
Floki Inu (FLOKI) – Named after Elon Musk’s dog.