Before looking at fund flows, let's get the basics straight. Today, we're talking about meme coins.
Meme coins are tokens themed around internet memes and popular culture. Their prices are largely driven by community hype and buzz.
For newly launched meme coins, check whether the contract's admin privileges have been renounced and whether liquidity is locked. Avoid contracts that can mint more tokens at any time.
$DOGE was among the earliest meme coins to break into the mainstream.