What is a Meme Coin

A meme coin is a type of cryptocurrency that is typically created as a joke or parody, often gaining attention through internet memes or social media trends. While some meme coins, like Dogecoin, have achieved significant popularity, they usually lack intrinsic utility or a solid use case. Meme coins can be highly speculative and volatile, with their value often driven by viral trends, celebrity endorsements, or community enthusiasm rather than fundamental technical features or adoption.