MeMe Coin: From Internet Joke to New Darling of Digital Assets

MeMe coin is a unique digital asset that was born from internet humor culture but can create waves in the financial market. They are usually inspired by internet pop culture elements, and their value is largely driven by the popularity on social media and the consensus of online communities. Although it seems unserious, MeMe coin is attracting a significant amount of funds and attention at an astonishing speed.

The Origin of MeMe Coin: Started with "Doge"

The pioneer of MeMe coin is undoubtedly Dogecoin ( Dogecoin ). At the end of 2013, software engineers Billy Markus and Jackson Palmer combined the popular "Doge" meme with cryptocurrency to create this project that was originally just a joke. Surprisingly, Dogecoin quickly became popular, gaining incredible attention and a user base in just a few weeks.

Early Dogecoin was mainly used for "tipping" on social media platforms, allowing users to reward interesting or valuable content creators with small amounts of Dogecoin. This lighthearted atmosphere attracted a loyal following, forming a vibrant community. The Dogecoin community also demonstrated a spirit of charity, having raised Olympic funds for the Jamaican bobsled team and donated to clean water projects in Kenya.

In 2021, Elon Musk frequently mentioned Dogecoin on social media, bringing it into a global craze. The price of Dogecoin once skyrocketed by over 8000%, with a market value exceeding $88 billion. This initial joke project surprisingly accumulated such a huge market value and influence, laying the foundation for the subsequent emergence of numerous MeMe coins.

The Diversified Development of MeMe Coin

After the unexpected success of Dogecoin, various MeMe coins have sprung up like mushrooms after rain. Among them, the most notable include:

• Shiba Inu coin ( Shiba Inu, SHIB ): Often referred to as "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 ): Inspired by the "Pepe the Frog" meme, reigniting the enthusiasm for MeMe Coin in 2023.
• Dogwifhat(WIF): The logo features a Shiba Inu wearing a pink knitted hat.

In addition to the animal theme, the inspiration for MeMe coin is also more diversified:

• Political figures theme: such as $TRUMP, $BODEN, $LIBRA, etc.
• Artificial Intelligence Theme: such as Dawgz AI.

As of February 2025, the number of MeMe coins has surged from 124 types in October 2021 to millions.

Operation Mechanism of MeMe Coin

Despite seeming like a joke, MeMe coin still relies on blockchain technology. Most MeMe coins operate as tokens on existing blockchains, such as Ethereum ( ERC-20 standard ) and Solana ( SPL token standard ). This allows for rapid development and the ability to leverage existing infrastructure.

The value of MeMe coin is primarily driven by social and cultural factors, rather than technological innovation or practical applications. Therefore, when assessing MeMe coin, it is more critical to focus on the community power and network popularity behind it.

"Tokenomics" is the key to understanding the operation of MeMe coin, including:

• Supply: Usually large or unlimited.
• Distribution method: such as airdrops, pre-sales, etc.
• Unique mechanism: such as token burn.

It is worth noting that the threshold for creating MeMe coin is very low. Many tools and platforms make it easy for anyone to issue their own MeMe coin. This ease of creation fosters innovation but also increases the risk of the market being affected by low-quality tokens and scams.

The Growth and Explosion of MeMe Coin: A Case Study of Solana

Solana, as a high-performance blockchain, has become a game changer for the MeMe coin project. Its main advantages include:

• Lightning-fast trading speed up to 65,000 transactions per second (
• Extremely low transaction fees ) are usually less than one cent (

This efficiency has attracted a large number of developers and investors, resulting in a surge of activities related to the Solana-based MeMe coin. The token launch platform Pump.fun facilitated the deployment of over 8 million tokens after its launch in early 2024.

However, the LIBRA token scandal triggered by Argentine President Javier Milei in February 2025 affected other core protocols on Solana, leading to a decline in the status of some leading MeMe coins.

Apart from Solana, BSC is also actively embracing MeMe coin. Recently, under the influence of the Abu Dhabi sovereign fund's investment in Binance and the integration of the Alpha section on Binance's main site, BSC's MeMe ecosystem has rapidly developed.

![From cute pet images to presidential IP, understand the past and present of MEME coin in one article])https://img-cdn.gateio.im/webp-social/moments-4162f690cc3eeed750812dd1368f9f3e.webp(

The Power of Community: The Core Driving Force of MeMe Coin

In the world of MeMe coin, the power of online communities is crucial. Active communities on platforms such as Twitter) now known as X(, Reddit, Discord, and Telegram play a decisive role in the success of MeMe coin. For example:

• Shiba Inu coin has over 3.9 million followers on Twitter.
• Peipei coin has over 766,000 fans
• Bonk coin has quickly accumulated over 500,000 fans.
• Floki Inu has over 475,000 followers

These vibrant communities have promoted the popularity and value enhancement of MeMe coin by continuously creating and sharing relevant content.

The value of MeMe coin largely depends on the collective belief and enthusiasm of its online community. Social media platforms have become a breeding ground for hype, and viral spread can quickly drive up prices. The "fear of missing out" ) FOMO ( sentiment is also an important factor driving investment in MeMe coin.

Social media influencers and opinion leaders often become catalysts for the MeMe coin craze. A single tweet, a video, or even just an emoticon can spark significant attention and purchases in a short period, significantly affecting the price trend of MeMe coin.

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

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

Celebrity Effect: The Impact on MeMe Coin

Celebrities' remarks on social media have a significant impact on the price of MeMe coin. Here are some typical cases:

1. Elon Musk: In February 2021, he changed his social media bio to "DogeCoin CEO", and the price of Dogecoin surged over 1000% that week, rising from $0.007 to $0.087.

2. Snoopy Dog: Launched Thug Life coin in 2023, attracting nearly $50,000 in investments. His social media posts often spark heated discussions in the community, driving prices up in the short term.

3. Gene Simmons: Self-proclaimed "God of Dogecoin", claimed to have purchased a large amount of Dogecoin in February 2021, leading to a subsequent price increase of 55%, reaching a historic high of $0.084.

The participation of political figures has introduced a new dimension to MeMe coin:

1. Donald Trump: Announced $TRUMP coin on January 2025, with the first day price skyrocketing from $6.50 to $74.27, and the market cap once reaching $27 billion. However, after taking office, the price collapsed, dropping to $11.74 by March 2025, with a market cap of about $2.35 billion.

2. Javier Milei: In February 2025, the promotion of $LIBRA coin saw its price rise from $0.216 to $5.54, with a market cap reaching as high as $4.56 billion. However, the subsequent deletion of related tweets led to a 94% crash, resulting in investor losses exceeding $250 million. By March 2025, the price dropped to $0.08, with a market cap of only $2.162 million.

3. Melania Trump: The $Melania coin launched in January 2025, with the price rising from $7 to $13 on the first day, but falling to $0.68 by March 2025, with a market capitalization of only $369 million.

These cases show that celebrity endorsements can quickly ignite the market, but the effects are usually short-lived, with significant price fluctuations. Concerns have been raised about potential conflicts of interest behind celebrity endorsements and the lack of transparency. The Arkham Intelligence KOL label launched in March 2025 provides a new tool for enhancing transparency, allowing for the tracking of wallet activities of influencers with over 100,000 fans.

Risks and Opportunities of MeMe Coin

MeMe coin has high volatility, which can bring short-term high return opportunities, but there are also significant risks:

1. The temptation of getting rich overnight: The success stories of early investors fuel the appeal of MeMe coin, but the risks are very high.

2. Runaway risk: Easily affected by pump-and-dump schemes and exit scams. Danger signals include anonymous developers, lack of utility, excessive hype, etc.

3. Expert advice:

   • Only invest funds that you can afford to lose
   • Research team, white paper, roadmap, and community
   • Check token allocation and liquidity lock
   • Beware of speculation
   • Use on-chain analysis tools to track transactions
   • Manage your position well
   • Set stop-loss limit losses

Strategies for Finding the Next Popular MeMe Coin

1. Seize the opportunity: Pay attention to the community discussion heat and prepare for the upcoming bull market.

2. Track new coin listings: Follow announcements from DEX for new coins and launch platforms.

3. KOL Tool Monitoring: Use tools like GMGN and DeBot AI to monitor high-influence KOLs.

4. Data tool combination: Use tools like GMGN, chain.fm to lock in on projects with unusual activity, combined with social media activity to make a comprehensive judgment.

5. Address Monitoring and Copy Trading: Track market-verified "diamond hands" addresses.

6. Pay attention to the exchange listing status: Ensure that the token can be traded on mainstream exchanges.

7. Evaluate token economics: Look for fairly issued tokens with no lock-up period.

8. Analyze cultural and emotional relevance: Focus on MeMe coin with viral dissemination potential.

9. Pay attention to celebrity endorsements: Celebrity support may drive price increases.

10. Consider innovation and practicality: focusing on collaboration and integration to build lasting value for MeMe coin may be more promising.

Future Outlook of MeMe Coin

There are different opinions about the future of MeMe coin.

• Supporters believe that MeMe coin may develop real use cases, such as becoming a governance token for specific communities.
• Critics argue that MeMe coin lacks intrinsic value, is easily manipulated by the market, and will ultimately disappear.

Although most MeMe coins may not be suitable for long-term investment, some established players may maintain their position due to strong communities and potential utility. The MeMe coin space continues to evolve, with new trends such as AI-driven and political themes constantly emerging, reflecting the dynamic nature of internet culture.

In the future, MeMe coin may be deeply integrated with emerging technologies such as NFTs and the metaverse, creating new application scenarios. At the same time, regulatory agencies may increase their attention to the MeMe coin market, and more regulatory measures may be introduced in the future.