MeMe Coin: From Internet Joke to Crypto Assets Frenzy

Imagine if your favorite internet meme suddenly turned into a tradable digital coin. Doesn't it feel both absurd and interesting?

These seemingly unserious digital assets are largely driven by jokes on the internet, trends on social media, and the consensus of online communities. It sounds like a grand joke, but this is MeMe coin, a peculiar phenomenon born from internet humor that can create waves in the financial market.

This article will take you into the amazing and crazy world of MeMe coin, exploring its origins and the potential future it may lead to.

The Origin of MeMe Coin: Began with "Doge"

MeMe coin, as the name suggests, refers to those Crypto Assets inspired by internet memes. Their emergence is often filled with mockery and entertainment, which is fundamentally different from traditional Crypto Assets that claim to have disruptive technology or solve real-world problems.

The pioneer of MeMe coin is none other than Dogecoin ( Dogecoin ). This Crypto Asset, created in late 2013 by software engineers Billy Markus and Jackson Palmer, was initially born out of a joke. Its inspiration came from the "Doge" meme that was all the rage on the internet at that time.

In the early days, Dogecoin was primarily used for "tipping" on social media platforms, where users could reward creators who posted interesting or valuable content with small amounts of Dogecoin. This relaxed and enjoyable atmosphere attracted a loyal following, forming a vibrant community. Surprisingly, the early Dogecoin community also demonstrated a spirit of charity, raising funds for the Jamaican bobsled team, which failed to secure enough funding to participate in the Sochi Winter Olympics, and donating to clean water projects in Kenya.

In 2021, Elon Musk mentioned DOGE multiple times on social media, propelling it into a global craze, with its price surging over 800% at one point, and its market value exceeding 88 billion USD. This initial joke project surprisingly accumulated enormous market value and influence in the following years.

The Wild Evolution of MeMe Coin: From Cute Pets to President

After the unexpected success of Dogecoin, a variety of MeMe coins have emerged like mushrooms after rain, as if the Crypto Assets world has experienced a "Cambrian Explosion". Among them, the most notable include:

• Shiba Inu Coin ( Shiba Inu, SHIB ): Often referred to as the "Dogecoin killer", launched in August 2020.
• Bonk coin ( BONK ): The first dog-themed MeMe coin on the Solana chain, launched at the end of 2022.
• Pepe Coin ( Pepe, PEPE ): In 2023, it reignited people's enthusiasm for MeMe Coin, inspired by the famous "Pepe the Frog" meme.
• Dogwifhat(WIF): Its logo features a Shiba Inu wearing a pink knitted hat.

In addition to these "established" powerhouses, the world of MeMe coins is constantly welcoming new participants, whose inspirations are becoming more diverse. For example, cat-themed MeMe coins like "Popcat" and various zoo coins like "MEW." Political figures have also entered the MeMe coin space, with the $TRUMP coin officially announced by Donald Trump, which once saw its market value soar to $14.5 billion. Melania Trump has also launched her own MeMe coin, $Melania.

In addition, there are AI-inspired MeMe coins, such as Dawgz AI. In October 2021, there were only 124 types of MeMe coins circulating in the market, but by February 2025, millions of types of MeMe coins had emerged on certain platforms.

How does MeMe coin operate?

Although MeMe coins may seem like a joke, they still rely on the solid foundation of blockchain technology. Most MeMe coins operate as tokens on existing blockchains, such as Ethereum and Solana. This allows for faster development and the ability to leverage the infrastructure of existing blockchains.

The value and popularity of MeMe coin are mainly driven by social and cultural factors, rather than technological innovation or practical application. Unlike crypto projects that focus on developing new technologies or solving real problems, MeMe coin is more like a social phenomenon, with its value stemming from community consensus and market sentiment.

"Token economics" is also key to understanding how MeMe coin operates. It mainly includes the supply of the token, distribution methods, and any unique mechanisms, such as token burning. Various token economic models demonstrate different approaches to managing inflation and perceived value.

It is worth noting that the threshold for creating MeMe coin is very low, with many tools and platforms enabling anyone to easily issue their own MeMe coin. This ease of creation fosters innovation and allows for rapid experimentation with new ideas, but it also makes the market susceptible to a large number of low-quality tokens and potential scams.

The Growth and Surge of MeMe Coin: The Rise of Solana

The rise of Meme coins is attributed to social media hype, community-driven support, and their appeal as a low-barrier investment for new encryption enthusiasts. Platforms like Solana have played a key role in this growth by providing the technological infrastructure needed for the mass creation and trading of these tokens.

Solana, as a high-performance blockchain, has become a game changer for meme coin projects. The most striking advantage of Solana lies in its lightning-fast transaction speed, reaching up to 65,000 transactions per second, and its extremely low transaction fees. This efficiency has attracted a wave of developers and investors, leading to a surge in meme coin activities based on Solana.

You can compare Solana to a budget airline in the crypto world – fast, low-cost, and very suitable for those quick, impulsive decisions. This makes Solana very suitable for the high transaction volume and high-risk trading characteristics of Meme coins.

Nevertheless, some traders believe that the end of MeMe has come, but certain trading and token issuance platforms still maintain over 150,000 daily active addresses.

In addition to Solana, BSC is also actively embracing MeMe. Recently, under the resonance of a $2 billion investment from a sovereign fund in Abu Dhabi to a certain trading platform, combined with the integration of a new section on the main site of that trading platform, the Meme ecosystem of BSC has exploded.

Community is Key: Social Media and the Frenzy of MeMe Coin

In the world of MeMe coin, the power of online communities is incredibly strong. The active communities on major social media platforms are crucial to the success of MeMe coin. It is these vibrant communities that continuously create and share memes and viral content related to MeMe coin, driving its popularity and value.

The value of MeMe coin largely depends on the collective belief and enthusiasm of its online community. Social media platforms are hotbeds for hype, and viral memes and collaborative efforts can quickly drive up prices. Additionally, the sentiment of "fear of missing out" ( FOMO ) is also an important factor driving people to invest in MeMe coin.

"Diamond Hands"( is a popular term in the MeMe coin community, referring to investors who hold onto their assets even when prices are falling. This "never give up" spirit creates a strong social pressure within the community, encouraging members to maintain their faith and not sell off easily.

However, this reliance on social sentiment also makes MeMe coin extremely susceptible to sudden changes in public opinion. Essentially, the community has become the "currency" that determines the value of these digital assets.

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Celebrity Effect: When Celebrities and Presidents Tweet "Endorse"

The price of MeMe coin is often driven by viral spread on social media, with celebrity endorsements acting as a catalyst. Research shows that high-profile celebrities can quickly attract significant attention through social media posts, especially among their fanbase, many of whom are new to Crypto Assets and are prone to purchasing related coins due to FOMO, leading to a significant increase in price in the short term.

Some celebrities have had a significant impact on MeMe coin:

• Elon Musk: As a tech superstar, Musk's social media posts have a profound impact on MeMe coin. In February 2021, he changed his social media profile to "DogeCoin CEO," causing the price of Dogecoin to surge over 1000% that week.

• Snoopy Dog: The association of rapper Snoop Dogg with MeMe coin includes supporting Dogecoin and launching related projects, such as the Thug Life coin in 2023.

• Gene Simmons: The lead singer of KISS, Simmons calls himself "the Dogecoin God" and claimed to have purchased a large amount of Dogecoin in February 2021, causing the price to rise by 55%.

The participation of political figures has also introduced a new dimension to MeMe coin, blurring the boundaries between political movements, internet culture, and financial speculation. Their social media posts often leverage existing public recognition and supporter bases to quickly attract attention, but they also bring high risks.

• Donald Trump: Announced $TRUMP coin on January 17, 2025, with the first day's price soaring from $6.50 to $74.27, reaching a market cap of $27 billion at one point. However, the price collapsed after taking office.

• Javier Milei: Promoted $LIBRA coin on February 14, 2025, claiming to support entrepreneurs. The price rose from $0.216 to $5.54, but hours later, Milei deleted the tweet, causing a 94% crash.

• Melania Trump: The $Melania coin will be launched on January 20, 2025, with an initial price rising from $7 to $13 on the first day, but by March 17, 2025, it has fallen to $0.68.

It can be seen that celebrity social media posts can quickly ignite the market, but the impact is usually short-lived, with price fluctuations resembling a roller coaster. Concerns have also been raised about potential conflicts of interest behind celebrity endorsements and the lack of transparency. Research shows that some celebrities may profit from "pump and dump" schemes, selling at high prices and leaving retail investors to "pick up the pieces", so investors should be cautious.

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Price Volatility and Speculative Appeal of MeMe Coin

The most notable feature of MeMe coin is its extreme price volatility. Analysis indicates that the volatility of MeMe coin is 50 times that of Bitcoin. Its price is often driven by speculation and market sentiment rather than fundamental value, making it a high-risk, high-reward asset class.

The global frenzy for MEME coins has left many financial experts baffled as they struggle to find a logical explanation: why do so many investors support assets that are deliberately created to embody internet jokes and quirky trends, often lacking any practical use?

In fact, one of the biggest advantages of meme coins is their low entry barrier. Unlike established giants like Bitcoin and Ethereum, these tokens are typically priced very low per unit. This affordability makes them an ideal gateway for beginners to enter the Crypto Assets world and allows for bulk purchases. This, in turn, creates a domino effect: high trading volume.