Meme coins, such as Dogecoin and Shiba Inu, were originally created as internet jokes with no serious value. However, their popularity is growing thanks to viral memes and support from famous personalities.
Elon Musk — the richest person in history as of 2024 — is often considered the main supporter of meme coins and the unofficial face of Dogecoin. Recently, he even received a position in the U.S. government, in the DOGE department (Department of Government Efficiency) — a symbolic event for the coin's fans. Moreover, Musk's companies — Tesla and SpaceX — have already experimented with payments in DOGE.
Other meme coins also have numerous supporters among celebrities. For example, Steven Seagal and Johnny Depp have shown interest in Shiba Inu, while the Floki Inu project has partnered with a badminton championship in Asia. The most unpredictable tokens LUIGI raised $60 million in just a few days in support of Luigi Manjone, who was accused of terrorism for the public murder of UnitedHealthcare CEO Brian Thompson.
According to CoinMarketCap, at the time of publication, there are over 3,500 meme coins in the market, with a total market capitalization approaching $1 trillion. Over the year, it has grown by more than 300%.$PEPE $BONK $SHIB
