Meme coins are cryptocurrencies driven by internet culture and social trends, often gaining value through community hype and viral attention rather than utility
Meme-coins
Meme coins are cryptocurrencies driven by internet culture and social trends, often gaining value through community hype and viral attention rather than utility
Elon Musk has added the dogecoin logo to his official Twitter… erm, X profile, causing fanboys to spontaneously combust in the street. Meanwhile, random tokens with even the most tenuous of links to the letter X have been targeted by crypto bros and meme traders out to make a quick buck.
Stablecoin usage has migrated outside of Ethereum due to the high transaction fees triggered by meme-coin hype. In light of this, the second-tier blockchains are now getting increased traction.
The highly anticipated launch of the Shiba Inu token's own Shibarium chain experienced a major hiccup. The solution, intended for scaling the Ethereum blockchain, could not handle the massive influx of transactions.
The highly anticipated launch of the Shiba Inu token's own Shibarium chain experienced a major hiccup. The solution, intended for scaling the Ethereum blockchain, could not handle the massive influx of transactions.
Elon Musk has added the dogecoin logo to his official Twitter… erm, X profile, causing fanboys to spontaneously combust in the street. Meanwhile, random tokens with even the most tenuous of links to the letter X have been targeted by crypto bros and meme traders out to make a quick buck.
Stablecoin usage has migrated outside of Ethereum due to the high transaction fees triggered by meme-coin hype. In light of this, the second-tier blockchains are now getting increased traction.
Tron’s Justin Sun and Cardano’s Charles Hoskinson use their projects’ communities to profit from meme-coin season in crypto. The head of Binance, Chanpeng Zhao, does not seem to mind the additional business either.
The crypto industry has lost over $100 million due to scams and hacks. Apart from that, exploiting the recent popularity of meme-coins, someone single-handedly created 114 scam meme tokens.
A newly-created token named after the ‘Pepe the Frog’ meme has recently taken the meme-coin crown, hitting a market cap of half a billion dollars within two weeks of launch.
