Dione Koegel a55E
36 Following
14 Followers
20 Liked
0 Shared
hi
Make $10–$20 Daily on Binance – Absolutely FREE!
No investment required
No trading experience needed
No referrals – ZERO pressure
100% legit, no risk!
Just join the #BinanceWrite2Earn community and start posting!
Here’s how to start earning today:
Steps to Get Started:
1. Create your free account on Binance Square
2. Post 3–5 times daily: crypto memes, news, opinions, or tips
3. Be active – like, comment, and engage (just don’t spam!)
Why This Works:
Binance rewards content creators – the more helpful or entertaining your posts, the more you earn!
Pro Tips to Maximize Earnings:
Use eye-catching pics and memes
Post on trending crypto topics
Engage with others to boost visibility
Pro Tip:
Switch rewards from $USDT to $BTC, $BNB, or $XRP for better long-term gains!
Want a FREE quick-start guide?
Comment “HI” and follow me – I’ll send you everything you need to begin!
Let’s grow together!
#CryptoHustle #BinanceEarn #PassiveIncomeCrypto #CryptoCommunity #BinanceDaily
No investment required
No trading experience needed
No referrals – ZERO pressure
100% legit, no risk!
Just join the #BinanceWrite2Earn community and start posting!
Here’s how to start earning today:
Steps to Get Started:
1. Create your free account on Binance Square
2. Post 3–5 times daily: crypto memes, news, opinions, or tips
3. Be active – like, comment, and engage (just don’t spam!)
Why This Works:
Binance rewards content creators – the more helpful or entertaining your posts, the more you earn!
Pro Tips to Maximize Earnings:
Use eye-catching pics and memes
Post on trending crypto topics
Engage with others to boost visibility
Pro Tip:
Switch rewards from $USDT to $BTC, $BNB, or $XRP for better long-term gains!
Want a FREE quick-start guide?
Comment “HI” and follow me – I’ll send you everything you need to begin!
Let’s grow together!
#CryptoHustle #BinanceEarn #PassiveIncomeCrypto #CryptoCommunity #BinanceDaily
Five Successful Years
Since Solana was created on March 16, 2020, the crypto has grown to become one of the top 10 digital assets today.
In an X post, Solana shared what it has accomplished over the course of its half-a-decade existence, citing that it has facilitated over 408 billion SOL transactions, more than 1,300 validators, and at least $987 billion in volume.
Happy 5th birthday Solana fam!
Since Solana was created on March 16, 2020, the crypto has grown to become one of the top 10 digital assets today.
In an X post, Solana shared what it has accomplished over the course of its half-a-decade existence, citing that it has facilitated over 408 billion SOL transactions, more than 1,300 validators, and at least $987 billion in volume.
Happy 5th birthday Solana fam!
#bitcoin Bitcoin is not the only one that has suffered. Investors are becoming concerned as the flagship cryptocurrency has followed the recent decline in the S&P 500. But if past performance is any indication, Bitcoin might be experiencing a resurgence.
United States President Donald Trump assumed office in November for a second term, but since then, the US stock market has dropped by about 10%. Since the global recession hit the markets hard in 2009, this is the worst start to a US presidency. Although there are numerous causes for this decline, uncertainty on economic strategy and worries about inflation have contributed.
In the past, it has often signaled impending volatility when the S&P 500 and Bitcoin decline simultaneously. The bear market of 2022, which saw prolonged losses, was the last time both markets fell precipitously at the same time. Not all dips, though, lead to protracted downturns. Some have led to a notable rebound, especially since the cryptocurrency’s halving cycles
picked somewhere
United States President Donald Trump assumed office in November for a second term, but since then, the US stock market has dropped by about 10%. Since the global recession hit the markets hard in 2009, this is the worst start to a US presidency. Although there are numerous causes for this decline, uncertainty on economic strategy and worries about inflation have contributed.
In the past, it has often signaled impending volatility when the S&P 500 and Bitcoin decline simultaneously. The bear market of 2022, which saw prolonged losses, was the last time both markets fell precipitously at the same time. Not all dips, though, lead to protracted downturns. Some have led to a notable rebound, especially since the cryptocurrency’s halving cycles
picked somewhere
BTC Price
Bitcoin fell under $77,000 earlier in the week, but the asset has since been making some recovery as its price is now back at +/+/- $82,500.
Bitcoin fell under $77,000 earlier in the week, but the asset has since been making some recovery as its price is now back at +/+/- $82,500.
Miners often sell BTC to cover operational costs, especially during price declines. If miner selling pressure continues, it could limit Bitcoin’s ability to recover in the short term. However, if buyer demand remains strong enough to absorb the excess supply, Bitcoin may stabilize at its current levels before attempting a rebound.
on cryptoflare
on cryptoflare
Bitcoin has continued its downward trend despite briefly surging to $94,000 last week, a move that had initially fueled investor optimism. Since hitting that level, the cryptocurrency has steadily declined, now trading below $80,000 as of today.
While the short-term price action suggests a bearish outlook, some analysts remain confident about Bitcoin’s potential for long-term growth.
picked somewhere
While the short-term price action suggests a bearish outlook, some analysts remain confident about Bitcoin’s potential for long-term growth.
picked somewhere
#BTC bearish ?
Bitcoin Price Crash Imminent
The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance. This price drop is highlighted as a strong buying and accumulation opportunity for long-term investors, as it presents a low entry point into the market.
During its price highs, many retail investors were likely unable to buy Bitcoin due to its increasing cost. Most accumulations were from whales who had purchased millions of dollars worth of Bitcoin in one swoop.
From cryptoflare
Bitcoin Price Crash Imminent
The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance. This price drop is highlighted as a strong buying and accumulation opportunity for long-term investors, as it presents a low entry point into the market.
During its price highs, many retail investors were likely unable to buy Bitcoin due to its increasing cost. Most accumulations were from whales who had purchased millions of dollars worth of Bitcoin in one swoop.
From cryptoflare
pi will rise
#pi Pi Network's price prediction for 2025 is looking bullish, with expected growth throughout the year. Here are some key highlights:
March 2025 Pi Network's price is predicted to rise, with a potential high of $5.64 and a low of $1.689262, averaging around $3.37. This could result in a potential ROI of 238.58
April 2025 The price is expected to increase, potentially reaching a high of $7.82, which would represent a 369.74% change compared to the current price.
-Yearly Average Pi Network is anticipated to trade in a price channel between $1.689262 and $7.82, leading to an average annualized price of $4.45.
Overall, Pi Network's price prediction for 2025 indicates a potential increase in value, making it an attractive investment opportunity. However, keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.
March 2025 Pi Network's price is predicted to rise, with a potential high of $5.64 and a low of $1.689262, averaging around $3.37. This could result in a potential ROI of 238.58
April 2025 The price is expected to increase, potentially reaching a high of $7.82, which would represent a 369.74% change compared to the current price.
-Yearly Average Pi Network is anticipated to trade in a price channel between $1.689262 and $7.82, leading to an average annualized price of $4.45.
Overall, Pi Network's price prediction for 2025 indicates a potential increase in value, making it an attractive investment opportunity. However, keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.
great
Quoted content has been removed
good project
Binance Announcement
--
Binance Button Game: Ramadan Edition Returns with a 20 BNB Grand Prize!
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
The Binance Button Game Ramadan Edition is back, and with it comes your chance to win a 20 BNB grand prize!
Activity Period: 2025-03-01 00:00 (UTC) - 2025-03-31 12:59 (UTC)
Click to Play Now!
How to Play:
All verified users can head to the activity page and confirm their participation by clicking [Join Now].Click the button to start the countdown.The aim is to get the timer to countdown to zero - but the timer resets to 60:00 whenever another user clicks to play the game.To win the grand prize, users must click the button and let the timer reach 00:00 without interruption.Grand Prize: 20 BNB to the first player who reaches 00:00!
Note: Only users from qualified regions who complete identity verification (KYC) and share a qualified post on a public social media account by the end of the Activity Period shall be eligible for any rewards.
How to Earn More Attempts:
Clicks are limited, but users can earn more by completing simple tasks below:
Refer 1 friend to get 1 attempt (Max 3 invites per day)Can be completed every 24 hoursLogin to your Binance account daily to get 1 attemptCan be completed every 24 hoursShare the Button Game on social media to get 1 attemptCan be completed every 24 hoursDeposit $100+ in any cryptocurrencies to get 2 attemptsCan be completed every 24 hoursTrade $300+ on Binance Spot to get 2 attemptsCan be completed every 12 hoursTrade $500+ on Binance Futures to get 2 attemptsCan be completed every 12 hoursTrade $200+ using Binance Convert to get 2 attemptsCan be completed every 12 hours
Reward Structure:
We’ll track all users’ performance. The closer a user gets to 00:00, the higher their ranking.If by the end of the Activity Period, no user manages to count down to 00:00, the user(s) with the highest ranking, meaning countdown closest to 00:00, will be eligible for the grand prize.If there is more than one user having the highest ranking, the eligible winners will have to split the grand prize equally.
For further information regarding the button game, refer to the FAQ here.
Terms & Conditions:
This campaign may not be available, or may be restricted in certain jurisdictions or regions, depending on legal and regulatory requirements.These terms and conditions (“Activity Terms”) govern users’ participation in the Button Game (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users from qualified regions who complete identity verification (KYC) and share a qualified post on a public social media account by the end of the Activity Period shall be eligible for any rewards.Rewards Distribution: Rewards will be distributed in the form of token vouchers within two weeks after the activity concludes. Winners will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, risk accounts, self dealing, or market manipulation).Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-03-01
Fellow Binancians,
The Binance Button Game Ramadan Edition is back, and with it comes your chance to win a 20 BNB grand prize!
Activity Period: 2025-03-01 00:00 (UTC) - 2025-03-31 12:59 (UTC)
Click to Play Now!
How to Play:
All verified users can head to the activity page and confirm their participation by clicking [Join Now].Click the button to start the countdown.The aim is to get the timer to countdown to zero - but the timer resets to 60:00 whenever another user clicks to play the game.To win the grand prize, users must click the button and let the timer reach 00:00 without interruption.Grand Prize: 20 BNB to the first player who reaches 00:00!
Note: Only users from qualified regions who complete identity verification (KYC) and share a qualified post on a public social media account by the end of the Activity Period shall be eligible for any rewards.
How to Earn More Attempts:
Clicks are limited, but users can earn more by completing simple tasks below:
Refer 1 friend to get 1 attempt (Max 3 invites per day)Can be completed every 24 hoursLogin to your Binance account daily to get 1 attemptCan be completed every 24 hoursShare the Button Game on social media to get 1 attemptCan be completed every 24 hoursDeposit $100+ in any cryptocurrencies to get 2 attemptsCan be completed every 24 hoursTrade $300+ on Binance Spot to get 2 attemptsCan be completed every 12 hoursTrade $500+ on Binance Futures to get 2 attemptsCan be completed every 12 hoursTrade $200+ using Binance Convert to get 2 attemptsCan be completed every 12 hours
Reward Structure:
We’ll track all users’ performance. The closer a user gets to 00:00, the higher their ranking.If by the end of the Activity Period, no user manages to count down to 00:00, the user(s) with the highest ranking, meaning countdown closest to 00:00, will be eligible for the grand prize.If there is more than one user having the highest ranking, the eligible winners will have to split the grand prize equally.
For further information regarding the button game, refer to the FAQ here.
Terms & Conditions:
This campaign may not be available, or may be restricted in certain jurisdictions or regions, depending on legal and regulatory requirements.These terms and conditions (“Activity Terms”) govern users’ participation in the Button Game (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users from qualified regions who complete identity verification (KYC) and share a qualified post on a public social media account by the end of the Activity Period shall be eligible for any rewards.Rewards Distribution: Rewards will be distributed in the form of token vouchers within two weeks after the activity concludes. Winners will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. All token voucher rewards will expire within two weeks after distribution. Eligible users should claim their vouchers before the expiration date. Learn how to redeem a voucher.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations, risk accounts, self dealing, or market manipulation).Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-03-01
well explained
Binance Academy
--
What Are Meme Coins?
Disclaimer: This article is for educational purposes only. Binance has no relationship to these projects, and there is no endorsement for these projects. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Meme coins are meme-inspired cryptocurrencies that tend to be more volatile than major cryptocurrencies, like bitcoin (BTC) and ether (ETH).
Meme coins generally gain popularity due to their low prices, community-driven nature, active marketing through social media, and endorsements from high-profile figures.
Meme coins carry significant risks due to their often inflationary tokenomics, high volatility, and a high potential for rug pulls.
Introduction
Meme coins are a significant part of the cryptocurrency market and are known for their rapid and unpredictable price movements. They are often inspired by internet memes and jokes, gaining popularity through social media and online communities. In this article, we will explore what meme coins are, why they have gained such popularity, and the potential risks associated with them.
What Are Meme Coins?
Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu named Kabosu.
Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also crash unexpectedly when traders turn their attention to the next meme coin.
Another typical characteristic of meme coins is their huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices.
Why Are Meme Coins So Popular?
During the COVID-19 pandemic, the crypto market grew as retail investors looked for ways to hedge against inflation. Amidst the hype, meme coins boomed, increasing in both market capitalization and variety. The phenomenon gained momentum after the "meme stock" saga involving GameStop (GME) and AMC Entertainment (AMC), where the Reddit community significantly boosted the prices of these assets.
Inspired by this, people started joking about pumping the price of Dogecoin (DOGE) to create a crypto equivalent of GME. This trend, coupled with endorsements from high-profile figures like Tesla CEO Elon Musk, led to a significant rally in DOGE's price.
The excitement around meme coins was further fueled when traders started exploring other meme coins like Shiba Inu (SHIB), hoping to replicate the success of DOGE. Retail investors were drawn to meme coins because they are typically very affordable, often costing just a few cents or even fractions of a cent. This allows traders to hold thousands or even millions of tokens, which feels different from holding fractions of major cryptocurrencies like ETH or BTC.
The meme coin frenzy is also driven by community and market sentiments. Meme coins are inspired by popular internet memes and are intended to be fun, often serving as "insider jokes" for their communities. Buying meme coins can be seen as a way to show support for these communities.
The institutionalization of meme coins significantly boosted their popularity in 2024. A key development was the launch of a meme coin index by VanEck, which tracks the six largest meme coins by market cap (DOGE, SHIB, PEPE, WIF, FLOKI, and BONK as of May 2024).
The VanEck meme coin index increased the visibility of meme coins and is serving as a benchmark in the asset management industry, encouraging funds to try and outperform it. In addition, the inclusion of meme coin tickers on channels like Bloomberg helped spread information about meme coins and attract more trading activity.
What Do Meme Coins Mean for the Crypto Community?
Many meme coins, such as Dogecoin (DOGE), were launched with a fair distribution model, meaning they were available to the public without premining or significant early allocations to project founders. This aligns with the views of many cryptocurrency enthusiasts who value open access and community-driven growth. The decentralized nature of these launches fosters a sense of ownership and participation among the community.
However, not all projects follow the same principles. Some meme coins are premined, where a significant portion of the tokens is allocated to the creators or early investors before public distribution. This often leads to concerns about transparency and fairness, as it might allow a few individuals or groups to control a substantial portion of the coin's supply. For example, coins like Shiba Inu (SHIB) have seen mixed reactions due to the allocation strategies used by their creators.
Decentralized meme coins tend to be viewed more favorably by the community, as they embody the principles of decentralization and community involvement that are foundational to the crypto movement. Conversely, centralized meme coins often face criticism due to the potential risks of manipulation and unfair practices.
Potential Risks of Investing in Meme Coins
Tokenomics
First of all, the tokenomics of meme coins can be concerning. For instance, Bitcoin has its blockchain, a well-written whitepaper, an established ecosystem, and a predictable issuance rate.
In contrast, most meme coins are inflationary and have no maximum supply. Their ecosystem, use cases, and fundamentals are often defined by the collective jokes of their communities.
Volatility
Meme coins are heavily community-driven and are generally more volatile compared to bigger market capitalization cryptocurrencies. Their prices can randomly surge from celebrity shilling or FOMO, or unexpectedly crash when the community decides to move on to the next meme coin.
Rug pulls
Rug pulls are a significant risk in the meme coin market, where developers abandon the project and disappear with investors’ funds. Unfortunately, this type of scam is very common and has occurred many times throughout the years.
Examples of Meme Coin Rug Pulls
Below are some examples of meme coin rug pulls.
SQUID: a 2021 meme coin inspired by the popular Netflix show of the same name, gained sudden traction due to the popularity of the show. However, the development team rug-pulled the project, causing users to lose their funds.
BALD: In July 2023, the BALD meme coin experienced a rug pull when the developer pulled all liquidity from the coin on Coinbase’s Layer-2 Base network, causing the token's value to plummet to zero.
MetaSwap: In early 2024, the MetaSwap token experienced a rug pull, leading to substantial losses for investors. The developers suddenly withdrew liquidity, leaving investors with worthless tokens.
URF: In March 2024, the team behind the URF meme coin vanished after a $450,000 presale, leaving investors with worthless tokens. Promoted by boxer and social media influencer Bryce Hall, the team disappeared within 24 hours of the launch.
How to Reduce Risks When Investing in Meme Coins?
Investing in meme coins can be highly speculative and risky due to their volatility and community-driven nature. However, there are strategies you can use to reduce these risks:
Do your own research (DYOR): before investing in meme coins, it’s important to research about the project. Whenever possible, check the team behind the project, their goals, whitepaper, roadmap, and overall community sentiment.
Understand the tokenomics: Pay close attention to the supply dynamics of the meme coin. Coins with unlimited or extremely high supplies can face inflationary pressures, potentially leading to devaluation. Understanding the token distribution and any mechanisms like burning or staking can also provide insights into the coin's long-term viability.
Diversify your portfolio: Avoid putting all your funds into a single meme coin. Diversification can help spread risk across various assets. Consider balancing your investment portfolio with more established cryptocurrencies, such as bitcoin (BTC), ether (ETH), SOL, and BNB.
Stay informed: Meme coins are heavily influenced by social media trends and news. Keep an eye on the latest developments and updates related to your investments. You can use tools like Google Alerts, join relevant social media groups, and follow influential figures in the cryptocurrency space.
Set stop-loss orders: Consider using stop-loss orders to automatically sell your meme coins in case the price goes below a certain level. Stop-loss orders can protect you against significant losses.
Avoid impulsive decisions: Only invest what you can afford to lose and avoid impulsive decisions led by emotions like FOMO (fear of missing out). The hype surrounding meme coins can lead to impulsive buying decisions. Take a step back and evaluate whether the investment makes sense based on your research, rather than getting caught up in the excitement.
How to avoid meme coin rug pulls?
Check the liquidity: A healthy liquidity pool is essential for the stability of any cryptocurrency. Ensure the meme coin you are interested in has locked liquidity, meaning the developers cannot easily withdraw the funds. Services like Unicrypt can be used to check liquidity lock status.
Examine the smart contract: If you have the technical know-how, review the project's smart contract. Look for red flags, such as functions that allow developers to mint unlimited tokens or transfer large amounts of funds. Alternatively, seek out third-party audits from reputable security firms like CertiK or Hacken.
Check the team: An anonymous team can be a red flag. While anonymity is common in the crypto world, it can also be used by scammers to disappear without a trace. Look for projects with transparent and credible teams who have verifiable track records in the industry.
Assess community engagement: A strong and active community can be a sign of a legitimate project. Engage with the community on platforms like Discord, Telegram, or Twitter to gauge their sentiment and activity. Be wary of projects with fake followers or an unusually high amount of shilling.
Check the project’s roadmap: Legitimate projects usually have a detailed roadmap outlining their development goals and timelines. Compare the roadmap with the project's actual progress to see if they are delivering on their promises. Projects that make unrealistic promises or frequently delay milestones may be suspect.
Look for red flags: Be cautious of projects that heavily rely on hype and celebrity endorsements without offering substantial information about their technology or use case. High-pressure tactics, such as limited-time offers or guaranteed returns, are often signs of a scam.
By following these guidelines and maintaining a healthy level of skepticism, you can better navigate the meme coin landscape and avoid potential scams like rug pulls. Always remember that investing in cryptocurrencies, especially meme coins, carries significant risk, and it’s essential to only invest money that you can afford to lose.
An Overview of the Popular Meme Coins
As of June 2024, the total market capitalization of meme coins is roughly $63 billion. The top 6 meme coins are DOGE, SHIB, PEPE, WIF, BONK, and FLOKI – according to CoinMarketCap data.
Dogecoin (DOGE)
Dogecoin (DOGE) was created in 2013 by software engineers Billy Markus and Jackson Palmer. It was inspired by the meme of a Shiba Inu dog and was intended to be a joke cryptocurrency to attract mainstream attention. As a fork of Litecoin (LTC), DOGE adopts the same Proof of Work (PoW) mechanism and has no maximum supply.
For a more comprehensive overview of DOGE, check out What Is Dogecoin?
Shiba Inu (SHIB)
Shiba Inu (SHIB) is the rival of DOGE and is often referred to as the “Dogecoin killer”. SHIB is also named after a Japanese dog breed. It was created by an anonymous developer named Ryoshi in August 2020. The main difference between DOGE and SHIB is that the latter has a limited supply of 1 quadrillion tokens, of which 50% were burnt and donated to charity. SHIB’s ecosystem also includes a decentralized exchange, an NFT art incubator, NFTs, and an NFT game.
To learn more about SHIB and its ecosystem, check out What Is Shiba Inu (SHIB)?
Pepe (PEPE)
Pepe (PEPE) is a meme coin inspired by the popular internet meme character Pepe the Frog. Launched in April 2023, PEPE has quickly gained popularity due to its humorous and nostalgic appeal to internet culture enthusiasts. PEPE has a circulating supply of 420 trillion tokens.
Dogwifhat (WIF)
Dogwifhat (WIF) is a meme coin that has garnered significant attention since its launch in late 2023. Unlike some meme coins that pivot towards utility, Dogwifhat remains purely a meme-centric token.
FLOKI (FLOKI)
FLOKI (FLOKI) is a meme coin inspired by Elon Musk’s Shiba Inu dog. Launched with the vision of merging memes with real-world utility, FLOKI has developed into a project with an ecosystem that includes NFT marketplaces, NFT collections, and staking.
Bonk (BONK)
Bonk (BONK) is a dog-themed meme coin on the Solana blockchain. Launched in 2022, BONK gained attention after 50% of its total supply was airdropped to the Solana community.
Milady Meme Coin (LADYS)
Milady Meme Coin (LADYS) was launched in May 2023. Inspired by the Milady NFT collection, LADYS aims to combine meme coins with the growing popularity of NFTs. The total supply of LADYS is 888 trillion tokens.
How to Buy Meme Coins
You can buy the more popular meme coins, such as DOGE, SHIB, PEPE, and WIF, on cryptocurrency exchanges like Binance. For less prominent meme coins, you can go to decentralized exchanges. Let’s take DOGE as an example.
1. Log in to your Binance account. Then, head to [Trade] at the top bar to select the Spot market page.
2. On the right side of the screen, type “DOGE” on the search bar to see a list of the available trading pairs. We will use DOGE/FDUSD as an example. Click “DOGE/FDUSD” to open its trading page.
3. Scroll down to the [Spot] box and select the preferred order type. We will use a market order in this example. Enter the amount of DOGE you want to buy and click [Buy DOGE] to confirm the order. When the order is filled, you will see the DOGE you purchased in your Binance Spot Wallet.
Closing Thoughts
With new meme coins entering the market every day and traders hoping to replicate the profits posted by DOGE and SHIB, it’s important to DYOR before committing to any meme coins. Keep in mind that meme coins are highly volatile compared to other digital currencies. Trading or investing in cryptocurrencies involves high risk. Meme coins are largely community-driven and might crash unexpectedly, so you should never invest what you cannot afford to lose.
Further Reading
What Is Dogecoin?
What Is Shiba Inu (SHIB)?
What Is a Coin Burn?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Meme coins are meme-inspired cryptocurrencies that tend to be more volatile than major cryptocurrencies, like bitcoin (BTC) and ether (ETH).
Meme coins generally gain popularity due to their low prices, community-driven nature, active marketing through social media, and endorsements from high-profile figures.
Meme coins carry significant risks due to their often inflationary tokenomics, high volatility, and a high potential for rug pulls.
Introduction
Meme coins are a significant part of the cryptocurrency market and are known for their rapid and unpredictable price movements. They are often inspired by internet memes and jokes, gaining popularity through social media and online communities. In this article, we will explore what meme coins are, why they have gained such popularity, and the potential risks associated with them.
What Are Meme Coins?
Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu named Kabosu.
Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also crash unexpectedly when traders turn their attention to the next meme coin.
Another typical characteristic of meme coins is their huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices.
Why Are Meme Coins So Popular?
During the COVID-19 pandemic, the crypto market grew as retail investors looked for ways to hedge against inflation. Amidst the hype, meme coins boomed, increasing in both market capitalization and variety. The phenomenon gained momentum after the "meme stock" saga involving GameStop (GME) and AMC Entertainment (AMC), where the Reddit community significantly boosted the prices of these assets.
Inspired by this, people started joking about pumping the price of Dogecoin (DOGE) to create a crypto equivalent of GME. This trend, coupled with endorsements from high-profile figures like Tesla CEO Elon Musk, led to a significant rally in DOGE's price.
The excitement around meme coins was further fueled when traders started exploring other meme coins like Shiba Inu (SHIB), hoping to replicate the success of DOGE. Retail investors were drawn to meme coins because they are typically very affordable, often costing just a few cents or even fractions of a cent. This allows traders to hold thousands or even millions of tokens, which feels different from holding fractions of major cryptocurrencies like ETH or BTC.
The meme coin frenzy is also driven by community and market sentiments. Meme coins are inspired by popular internet memes and are intended to be fun, often serving as "insider jokes" for their communities. Buying meme coins can be seen as a way to show support for these communities.
The institutionalization of meme coins significantly boosted their popularity in 2024. A key development was the launch of a meme coin index by VanEck, which tracks the six largest meme coins by market cap (DOGE, SHIB, PEPE, WIF, FLOKI, and BONK as of May 2024).
The VanEck meme coin index increased the visibility of meme coins and is serving as a benchmark in the asset management industry, encouraging funds to try and outperform it. In addition, the inclusion of meme coin tickers on channels like Bloomberg helped spread information about meme coins and attract more trading activity.
What Do Meme Coins Mean for the Crypto Community?
Many meme coins, such as Dogecoin (DOGE), were launched with a fair distribution model, meaning they were available to the public without premining or significant early allocations to project founders. This aligns with the views of many cryptocurrency enthusiasts who value open access and community-driven growth. The decentralized nature of these launches fosters a sense of ownership and participation among the community.
However, not all projects follow the same principles. Some meme coins are premined, where a significant portion of the tokens is allocated to the creators or early investors before public distribution. This often leads to concerns about transparency and fairness, as it might allow a few individuals or groups to control a substantial portion of the coin's supply. For example, coins like Shiba Inu (SHIB) have seen mixed reactions due to the allocation strategies used by their creators.
Decentralized meme coins tend to be viewed more favorably by the community, as they embody the principles of decentralization and community involvement that are foundational to the crypto movement. Conversely, centralized meme coins often face criticism due to the potential risks of manipulation and unfair practices.
Potential Risks of Investing in Meme Coins
Tokenomics
First of all, the tokenomics of meme coins can be concerning. For instance, Bitcoin has its blockchain, a well-written whitepaper, an established ecosystem, and a predictable issuance rate.
In contrast, most meme coins are inflationary and have no maximum supply. Their ecosystem, use cases, and fundamentals are often defined by the collective jokes of their communities.
Volatility
Meme coins are heavily community-driven and are generally more volatile compared to bigger market capitalization cryptocurrencies. Their prices can randomly surge from celebrity shilling or FOMO, or unexpectedly crash when the community decides to move on to the next meme coin.
Rug pulls
Rug pulls are a significant risk in the meme coin market, where developers abandon the project and disappear with investors’ funds. Unfortunately, this type of scam is very common and has occurred many times throughout the years.
Examples of Meme Coin Rug Pulls
Below are some examples of meme coin rug pulls.
SQUID: a 2021 meme coin inspired by the popular Netflix show of the same name, gained sudden traction due to the popularity of the show. However, the development team rug-pulled the project, causing users to lose their funds.
BALD: In July 2023, the BALD meme coin experienced a rug pull when the developer pulled all liquidity from the coin on Coinbase’s Layer-2 Base network, causing the token's value to plummet to zero.
MetaSwap: In early 2024, the MetaSwap token experienced a rug pull, leading to substantial losses for investors. The developers suddenly withdrew liquidity, leaving investors with worthless tokens.
URF: In March 2024, the team behind the URF meme coin vanished after a $450,000 presale, leaving investors with worthless tokens. Promoted by boxer and social media influencer Bryce Hall, the team disappeared within 24 hours of the launch.
How to Reduce Risks When Investing in Meme Coins?
Investing in meme coins can be highly speculative and risky due to their volatility and community-driven nature. However, there are strategies you can use to reduce these risks:
Do your own research (DYOR): before investing in meme coins, it’s important to research about the project. Whenever possible, check the team behind the project, their goals, whitepaper, roadmap, and overall community sentiment.
Understand the tokenomics: Pay close attention to the supply dynamics of the meme coin. Coins with unlimited or extremely high supplies can face inflationary pressures, potentially leading to devaluation. Understanding the token distribution and any mechanisms like burning or staking can also provide insights into the coin's long-term viability.
Diversify your portfolio: Avoid putting all your funds into a single meme coin. Diversification can help spread risk across various assets. Consider balancing your investment portfolio with more established cryptocurrencies, such as bitcoin (BTC), ether (ETH), SOL, and BNB.
Stay informed: Meme coins are heavily influenced by social media trends and news. Keep an eye on the latest developments and updates related to your investments. You can use tools like Google Alerts, join relevant social media groups, and follow influential figures in the cryptocurrency space.
Set stop-loss orders: Consider using stop-loss orders to automatically sell your meme coins in case the price goes below a certain level. Stop-loss orders can protect you against significant losses.
Avoid impulsive decisions: Only invest what you can afford to lose and avoid impulsive decisions led by emotions like FOMO (fear of missing out). The hype surrounding meme coins can lead to impulsive buying decisions. Take a step back and evaluate whether the investment makes sense based on your research, rather than getting caught up in the excitement.
How to avoid meme coin rug pulls?
Check the liquidity: A healthy liquidity pool is essential for the stability of any cryptocurrency. Ensure the meme coin you are interested in has locked liquidity, meaning the developers cannot easily withdraw the funds. Services like Unicrypt can be used to check liquidity lock status.
Examine the smart contract: If you have the technical know-how, review the project's smart contract. Look for red flags, such as functions that allow developers to mint unlimited tokens or transfer large amounts of funds. Alternatively, seek out third-party audits from reputable security firms like CertiK or Hacken.
Check the team: An anonymous team can be a red flag. While anonymity is common in the crypto world, it can also be used by scammers to disappear without a trace. Look for projects with transparent and credible teams who have verifiable track records in the industry.
Assess community engagement: A strong and active community can be a sign of a legitimate project. Engage with the community on platforms like Discord, Telegram, or Twitter to gauge their sentiment and activity. Be wary of projects with fake followers or an unusually high amount of shilling.
Check the project’s roadmap: Legitimate projects usually have a detailed roadmap outlining their development goals and timelines. Compare the roadmap with the project's actual progress to see if they are delivering on their promises. Projects that make unrealistic promises or frequently delay milestones may be suspect.
Look for red flags: Be cautious of projects that heavily rely on hype and celebrity endorsements without offering substantial information about their technology or use case. High-pressure tactics, such as limited-time offers or guaranteed returns, are often signs of a scam.
By following these guidelines and maintaining a healthy level of skepticism, you can better navigate the meme coin landscape and avoid potential scams like rug pulls. Always remember that investing in cryptocurrencies, especially meme coins, carries significant risk, and it’s essential to only invest money that you can afford to lose.
An Overview of the Popular Meme Coins
As of June 2024, the total market capitalization of meme coins is roughly $63 billion. The top 6 meme coins are DOGE, SHIB, PEPE, WIF, BONK, and FLOKI – according to CoinMarketCap data.
Dogecoin (DOGE)
Dogecoin (DOGE) was created in 2013 by software engineers Billy Markus and Jackson Palmer. It was inspired by the meme of a Shiba Inu dog and was intended to be a joke cryptocurrency to attract mainstream attention. As a fork of Litecoin (LTC), DOGE adopts the same Proof of Work (PoW) mechanism and has no maximum supply.
For a more comprehensive overview of DOGE, check out What Is Dogecoin?
Shiba Inu (SHIB)
Shiba Inu (SHIB) is the rival of DOGE and is often referred to as the “Dogecoin killer”. SHIB is also named after a Japanese dog breed. It was created by an anonymous developer named Ryoshi in August 2020. The main difference between DOGE and SHIB is that the latter has a limited supply of 1 quadrillion tokens, of which 50% were burnt and donated to charity. SHIB’s ecosystem also includes a decentralized exchange, an NFT art incubator, NFTs, and an NFT game.
To learn more about SHIB and its ecosystem, check out What Is Shiba Inu (SHIB)?
Pepe (PEPE)
Pepe (PEPE) is a meme coin inspired by the popular internet meme character Pepe the Frog. Launched in April 2023, PEPE has quickly gained popularity due to its humorous and nostalgic appeal to internet culture enthusiasts. PEPE has a circulating supply of 420 trillion tokens.
Dogwifhat (WIF)
Dogwifhat (WIF) is a meme coin that has garnered significant attention since its launch in late 2023. Unlike some meme coins that pivot towards utility, Dogwifhat remains purely a meme-centric token.
FLOKI (FLOKI)
FLOKI (FLOKI) is a meme coin inspired by Elon Musk’s Shiba Inu dog. Launched with the vision of merging memes with real-world utility, FLOKI has developed into a project with an ecosystem that includes NFT marketplaces, NFT collections, and staking.
Bonk (BONK)
Bonk (BONK) is a dog-themed meme coin on the Solana blockchain. Launched in 2022, BONK gained attention after 50% of its total supply was airdropped to the Solana community.
Milady Meme Coin (LADYS)
Milady Meme Coin (LADYS) was launched in May 2023. Inspired by the Milady NFT collection, LADYS aims to combine meme coins with the growing popularity of NFTs. The total supply of LADYS is 888 trillion tokens.
How to Buy Meme Coins
You can buy the more popular meme coins, such as DOGE, SHIB, PEPE, and WIF, on cryptocurrency exchanges like Binance. For less prominent meme coins, you can go to decentralized exchanges. Let’s take DOGE as an example.
1. Log in to your Binance account. Then, head to [Trade] at the top bar to select the Spot market page.
2. On the right side of the screen, type “DOGE” on the search bar to see a list of the available trading pairs. We will use DOGE/FDUSD as an example. Click “DOGE/FDUSD” to open its trading page.
3. Scroll down to the [Spot] box and select the preferred order type. We will use a market order in this example. Enter the amount of DOGE you want to buy and click [Buy DOGE] to confirm the order. When the order is filled, you will see the DOGE you purchased in your Binance Spot Wallet.
Closing Thoughts
With new meme coins entering the market every day and traders hoping to replicate the profits posted by DOGE and SHIB, it’s important to DYOR before committing to any meme coins. Keep in mind that meme coins are highly volatile compared to other digital currencies. Trading or investing in cryptocurrencies involves high risk. Meme coins are largely community-driven and might crash unexpectedly, so you should never invest what you cannot afford to lose.
Further Reading
What Is Dogecoin?
What Is Shiba Inu (SHIB)?
What Is a Coin Burn?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
pi will rise
Quoted content has been removed
See original
Happy Ramadan
Binance Announcement
--
Join the Binance Ramadan Super Meetup: Day 1 of the 2025 Ramadan Calendar
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To mark the start of the 2025 Binance Ramadan Calendar, we are pleased to invite users to our Ramadan Super Meetup on Binance Live.
This one-hour live event will bring together Binance’s leadership team to discuss key updates, exciting announcements, and the values of community, generosity, and celebration that define this sacred month.
Users who tune in will also have the opportunity to claim a share of 5,000 USDC through an exclusive Binance Live Quiz.
Activity Period: 2025-02-28 12:00 (UTC) to 2025-02-28 13:00 (UTC)
How to Participate
Join the Binance Live online event at 2025-02-28 12:00 (UTC).Tune in for announcements and insights from Binance’s leadership.Participate in the Live Quiz for a chance to share the 5,000 USDC prize pool on a first-come, first-served basis.
Event Highlights: What to Expect
Live Session with Binance CEO Richard Teng in conversation with Vishal Sacheendran (Head of Regional Markets) – Gain exclusive insights as Binance’s CEO shares his vision for the future.Fireside Chat – Hear from Bader Al-Kalooti (Regional Growth & Ops Lead) as he discusses Binance’s ongoing efforts to empower communities.Upcoming Product Announcements – Jeff Li (VP of Product) will unveil upcoming product launches and updates.Sponsor Spotlights — Thank you to our Ramadan Calendar sponsors for their support: Fusionist (ACE), Internet Computer (ICP), and MANTRA (OM). Daniel Fang (COO, ACE), Pierre Samaties (Chief Business Officer, ICP), and John Patrick Mullin (CEO & Co-Founder, MANTRA) will introduce their projects and share insights on innovation in the crypto space.Binance Live Quiz: 5,000 USDC Prize Pool. Stay engaged throughout the event and test your knowledge in the live quiz for a chance to win 5 USDC, with 1,000 winners in total.
About the Ramadan Calendar
The Binance Ramadan Calendar runs for 10 days between 2025-02-28 and 2025-03-09, with a new activity unlocking each day.
From crypto rewards to charitable initiatives, each day presents an opportunity to give back, engage with the community, and celebrate the spirit of Ramadan.
Stay tuned for upcoming activities and rewards throughout the campaign.
Terms & Conditions
Users must be logged in to the Binance app.Users must have the latest version of the Binance app.Terms & Conditions for Prize Promotions apply.Binance reserves the right to disqualify any participants displaying signs of fraudulent behavior immediately.The Binance Live quiz may not be available in certain countries/regions. Only users from eligible countries/regions who complete account verification shall be able to participate and receive rewards.Binance reserves the right to modify or cancel the Promotion at any time without prior notice.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.In case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.
Thank you for your support!
Binance Team
2025-02-27
Fellow Binancians,
To mark the start of the 2025 Binance Ramadan Calendar, we are pleased to invite users to our Ramadan Super Meetup on Binance Live.
This one-hour live event will bring together Binance’s leadership team to discuss key updates, exciting announcements, and the values of community, generosity, and celebration that define this sacred month.
Users who tune in will also have the opportunity to claim a share of 5,000 USDC through an exclusive Binance Live Quiz.
Activity Period: 2025-02-28 12:00 (UTC) to 2025-02-28 13:00 (UTC)
How to Participate
Join the Binance Live online event at 2025-02-28 12:00 (UTC).Tune in for announcements and insights from Binance’s leadership.Participate in the Live Quiz for a chance to share the 5,000 USDC prize pool on a first-come, first-served basis.
Event Highlights: What to Expect
Live Session with Binance CEO Richard Teng in conversation with Vishal Sacheendran (Head of Regional Markets) – Gain exclusive insights as Binance’s CEO shares his vision for the future.Fireside Chat – Hear from Bader Al-Kalooti (Regional Growth & Ops Lead) as he discusses Binance’s ongoing efforts to empower communities.Upcoming Product Announcements – Jeff Li (VP of Product) will unveil upcoming product launches and updates.Sponsor Spotlights — Thank you to our Ramadan Calendar sponsors for their support: Fusionist (ACE), Internet Computer (ICP), and MANTRA (OM). Daniel Fang (COO, ACE), Pierre Samaties (Chief Business Officer, ICP), and John Patrick Mullin (CEO & Co-Founder, MANTRA) will introduce their projects and share insights on innovation in the crypto space.Binance Live Quiz: 5,000 USDC Prize Pool. Stay engaged throughout the event and test your knowledge in the live quiz for a chance to win 5 USDC, with 1,000 winners in total.
About the Ramadan Calendar
The Binance Ramadan Calendar runs for 10 days between 2025-02-28 and 2025-03-09, with a new activity unlocking each day.
From crypto rewards to charitable initiatives, each day presents an opportunity to give back, engage with the community, and celebrate the spirit of Ramadan.
Stay tuned for upcoming activities and rewards throughout the campaign.
Terms & Conditions
Users must be logged in to the Binance app.Users must have the latest version of the Binance app.Terms & Conditions for Prize Promotions apply.Binance reserves the right to disqualify any participants displaying signs of fraudulent behavior immediately.The Binance Live quiz may not be available in certain countries/regions. Only users from eligible countries/regions who complete account verification shall be able to participate and receive rewards.Binance reserves the right to modify or cancel the Promotion at any time without prior notice.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.In case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Policy.
Thank you for your support!
Binance Team
2025-02-27
your money is not lost. be patient !
I bought almost 1550 TST worth 200usdt but now it's price is very low and I loss almost 75 usdt . should I hold it ? I want to earn my loss amount
Pi can't be a scam . and it won't be under $30.
Pi Network, once hailed as a revolutionary cryptocurrency, has been widely criticized as one of the biggest scams of this decade. Despite its promise of future wealth, users were encouraged to mine coins with no real value or backing. The network's founders remained largely anonymous, and there was little transparency. As the Pi coin continues to fail to gain legitimate exchange listings, it raises concerns about its legitimacy and potential for exploitation.
Login to explore more contents