Meme coin (or memecoin) is a cryptocurrency that has no fundamental value, created as a joke, as well as for profit from the growth of its price. Most often, meme coins refer to internet memes, social trends, or certain events. Often, the creators of such cryptocurrencies announce in advance that they do not intend to develop the project, but users continue to buy meme tokens in the hope of making profits in the hundreds and thousands of percent over a short period of time.