Meme coins are cryptocurrencies inspired by Internet memes, jokes, and satire. They have meme-inspired branding, logos, and names and are often not designed to have any specific use cases. Such coins bank on community participation, humor, virality, social media trends, and the potential of quick market gains to attract young, Internet-savvy crypto market participants.
Dogecoin (DOGE) and shiba inu (SHIB) have been at the top of the most popular meme coins list since 2021. PEPE, FLOKI, and BONE, as well as the 2023 viral hit wall street memes (WSM) and ChatGPT-inspired TURBO, are other famous meme coin examples.
Dogecoin is considered the original meme coin, which was created to satirize the crypto hype in 2013.
Today, the majority of meme coins are issued on the Ethereum blockchain network as ERC-20 tokens. They can also exist on their own native blockchains and on other blockchain networks such as BNB Chain, Solana, and Cardano.
