"Billy" is a new meme token that has taken off on the wave of popularity of dog coins. Since its launch in June, its value has grown to a record $0.1320, providing a capitalization of $115 million. 🚀

However, not everything is so rosy. Meme tokens are easily manipulated and owners can be left with an empty bag, as happened with BEER and Water tokens.

Despite the initial hype, rapper Iggy Azalea's MOTHER token is down 79% from its all-time high.

However, some meme tokens have achieved great success. Pepe's capitalization exceeded $4 billion, and Dogwifhat and Floki - $2.18 billion and $1.7 billion, respectively.