What Are Meme Coins?

Meme coins are tokens whose brand is built around a meme, which is usually an image accompanied by humorous text that can be adapted to a variety of situations. Unlike traditional cryptocurrencies like Bitcoin and Ethereum, which are focused on utility and aligned with the vision of enabling decentralization, security, and creating an alternative financial system, meme coins just want to have fun.

Types of Meme Coins

The most popular type of meme coin is dog-themed tokens like DOGE, WIF, and SHIB. Other popular types include animal-themed ones like cats, penguins, sloths, and more. PEPE started out as a character from a comic book, but has since spun out into an entire Pepe-themed category. There are also meme coins tied to the physical world, featuring political figures, celebrities, and even Wall Street Bets.