1. What is Meme Coin?

The story of Meme Coin is one of continuous evolution. From DOGE initially grabbing Elon Musk's attention as a Bitcoin imitation, to SHIB and PEPE capturing retail possibilities, to today's fair launch phenomenon based on Solana—we see this market constantly transforming itself.

Today, Solana dominates this space, supporting 89% of new token issuances. Just last week, 181,000 new tokens appeared on DEXs (decentralized exchanges). This is not just a matter of capacity, but also of accessibility. Platforms like pump.fun allow anyone to issue tokens, but the success rate tells us an important thing: less than 2% of tokens successfully make it to Raydium, and only 0.0045% of tokens can maintain a market cap of over $1 million.

But what is the difference between meme coins and “shitcoins”? The distinction lies in the key characteristics that drive success:

The most successful tokens—whether DOGE or Moo Deng—share common elements: strong meme potential, attention catalysts, and community engagement. DOGE leveraged Elon Musk's attention and first-mover advantage. Moo Deng captured people's imagination through viral social media presence. But most importantly, they built communities that transformed casual onlookers into passionate supporters.