A meme coin, or memecoin, is a type of cryptocurrency that derives its identity and appeal from internet culture, satire, or viral humor. Often created as a playful or ironic commentary on the crypto industry, these digital assets typically lack serious technical innovation or utility. The term is sometimes conflated with “shitcoin,” a pejorative label for tokens perceived to have negligible value or substance. While many meme coins—such as Dogecoin, Coinye, or the infamous BitConnect—are viewed as speculative or unserious by traditional investors, they have nevertheless gained massive followings, driven by social media, online communities, and influencer hype. Critics often dismiss them as fleeting or risky, yet supporters argue that memecoins embody the democratization of finance, offering a gateway into crypto through humor, relatability, and collective momentum.
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