Continuing from the previous article:

These are all memes (i.e. meme coins),

which are a huge and unignorable existence among the currencies, and the wealth stories are astonishing;

Meme coins are simply understood as having no applications, "ownerless currency", with large circulation and low unit price (basically several zeros after the decimal point). Its birth is basically a symbol of culture, such as dog is a mockery of the absurdity of cryptocurrency, and pepe is an emoticon widely circulated around the world. This kind of coin has no core application and is purely a product of hype and speculation.

pepe.com web3.o projects are also keen on domain names.