Is Meme Coin Halal or Haram in Islam?

The rise of meme coins like Dogecoin, Shiba Inu, and others has sparked significant interest in the crypto world. However, for Muslims seeking to invest ethically, the question arises: Are meme coins halal or haram in Islam?

In Islamic finance, transactions must adhere to key principles, avoiding elements such as riba (interest), gharar (excessive uncertainty), and maysir (gambling). Meme coins, being highly speculative and often driven by hype rather than utility, can raise concerns in several areas