The journey of memecoins since Dogecoin (DOGE) in 2013 shows an extraordinary transformation—from an internet joke to a multi-billion dollar asset class. Here’s a summary of its evolution:
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🐶 1. Started as an “inside joke”
DOGE was born on December 6, 2013, as a parody of Bitcoin, based on the "Doge" meme with the Reddit/4chan community as its driving force.
Although created for fun, DOGE managed to achieve massive capitalization (peak > US$85 billion in May 2021) thanks to hype and endorsements from public figures like Elon Musk.
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🐕🦺 2. Shiba Inu & redefining memecoins
In 2020, Shiba Inu (SHIB) emerged, labeling itself as the “Dogecoin-killer” and building its own ecosystem (DEX, token burn, Layer-2 Shibarium).
SHIB clarifies the transition of memecoins from “jokes” to real utility.
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🐸 3. Pepe, Bonk, Dogwifhat: new viral memecoins
2021–2024, many tokens emerged like PEPE, Bonk (Solana), and Dogwifhat (WIF), with PEPE reaching a market cap of US$11 billion by the end of 2023.
Trading volumes soared, and cross-ecosystem (EVM, Solana) reflects the increasing viral appeal and listing speed.
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🚀 4. “Memecoin Supercycle” (2023–2025)
The term super-cycle refers to the viral-led waves of memecoins: DOGE, SHIB, PEPE, which surged hundreds to thousands of percent.
Reports indicate this wave generated 2.3 million new tokens, with the memecoin cap reaching US$100 billion by 2025.
Analysts like Murad Mahmudov predict this wave will continue throughout 2025, pushing the market cap of individual tokens to billion-dollar levels.
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🛠️ 5. Evolution into “memecoins with utility”
The emergence of Layer-2 solutions like Little Pepe (LILPEPE)—a meme coin with transactional infrastructure, low fees, anti-bot measures, and a real roadmap—marks the next phase.
SHIB and FLOKI also added NFTs, the metaverse, and DeFi to adapt to the latest market dynamics.
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💰 6. Valuation & risks
The market cap of memecoins has exceeded US$100 billion+; individual tokens can range from US$1–30 billion.
However, the market is overly influenced by “community hype” and is vulnerable to pump-and-dump strategies: this reveals the speculative essence of this type of asset.
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🔮 Who is the winner in "super-cycle 2025"?
Little Pepe (LILPEPE): the model of “viral + having tech”, raised > US$1.7–1.9 million in presale, prospects for thousands of percent increase.
SHIB, PEPE, WIF, FLOKI, Bonk: a combination of community, utility, and major exchange listings.
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🧭 Summary: internet humor ➜ big assets
1. Genesis of the “silly” meme coin due to its simplicity and virality;
2. Community + endorsements drive price and liquidity;
3. Supercycle occurs every ~2–3 years (6–18 months of bull waves);
4. 2005: from a joke to billion-dollar assets, many tokens adding real utility;
5. Risks remain high—memecoins are highly speculative, anonymity can easily be abused for fraud.
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🧠 Conclusion
Memecoins have evolved from a digital joke to an asset class that dances between viral culture, community power, and Layer-2 technology. The “Super-cycle 2025” reflects a mature phase where memecoins are not just jokes but an important part of the crypto world—but also full of risks, volatility, and high speculation.