As the name suggests, a meme coin, sometimes spellt memecoin, us a coin inspired by a meme.
The most famous meme coins are no doubt Dogecoin and Shiba Inu, both inspired by a shiba inu dog that became one of the most recognisable memes of the 2010s.
Meme coins, generally speaking, have no purpose. They're openly created for fun.
However, precisely because of that, and because pop culture is what it is, they tend to go up in price quite a lot, although they generally tank right after.
With exceptions, Dogecoin being the most prominent one, most meme coins have prices with several 0s.
Shiba Inu, for example, is worth $0.00001016 at the time of writing.
Bonk, another dog-themed token, this one on the Solana blockchain, is worth $0.000007945 at the time of writing.
Meme coins have no fundamentals to them. There's no intrinsic value. So invest with care.
