Meme Token Definition

Meme tokens are digital assets that are often created for the purpose of entertainment or as a joke. They are often based on popular internet memes or trends and can be bought, sold, and traded on cryptocurrency exchanges like any other token or coin. Some examples of meme tokens include Dogecoin, which is based on a popular internet meme featuring a Shiba Inu dog, and Pepe, which is based on a cartoon frog character that has become a popular meme. These tokens are generally considered to be high-risk investments due to their lack of real-world value and the fact that they are often created for the sole purpose of generating hype or for use in pump-and-dump schemes.Meme coins are a cryptocurrency genre loosely defined as having an exuberant online community supporting the currency’s growth. They are sometimes identified with animated character or animal meme images. During the recent cryptocurrency boom, top currencies to gain meme coin status included Dogecoin and Shiba Inu. The category extends to lesser-known currencies such as Baby Doge and Dogelon Mars.