Meme coins originated from the "stalk" culture in Internet culture, and can be traced back to Dogecoin in 2013. Created by software engineers Billy Markus and Jackson Palmer, the original intention was to imitate Bitcoin and quickly gain community support with its humorous image. Social media platforms such as Twitter and Reddit have become important channels for the spread of Meme coins, and the mention of celebrities such as Elon Musk has greatly increased its popularity and value.

The characteristics of Meme coins include community-driven, low threshold, strong entertainment and high volatility. Their value mainly depends on community support, and their low prices attract a large number of ordinary users to participate. However, due to the lack of real asset support, prices are susceptible to market sentiment and fluctuate greatly.

With the development of blockchain technology and decentralized finance (DeFi), Meme coins have adopted more advanced technologies such as smart contracts and NFTs (non-fungible tokens) to expand their application scenarios. As of 2024, well-known Meme coins such as Dogecoin (DOGE), Sad Little Frog (PEPE) and Shiba Inu Coin (SHIB) have already occupied a place in the cryptocurrency market and gradually integrated into a wider range of cultural and economic activities.

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