A memecoin is a cryptocurrency built around a joke, mascot or internet trend rather than a product. Dogecoin started the genre; Shiba Inu, Pepe and thousands of tokens launched every day on Solana and Base followed.
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Memecoins are cheap to create, easy to share and move on attention. A viral post or a listing on a big exchange can multiply the price in hours, which attracts traders hoping to catch the next one.
With no revenue or product, the price depends on new buyers arriving. Creators often hold large supplies and sell into rallies, and many launches are outright rug pulls. Most memecoins lose nearly all their value within weeks.
Check whether the team can mint more tokens or block selling, how much supply the top wallets hold and whether liquidity is locked.
Yes, the original one, though it has become a large, widely listed coin.