Asked: What are meme coins?
My answer: Meme coins are tokens themed around internet memes and pop culture. Their prices are driven mainly by community buzz and attention. The holdings of many newly launched meme coins are concentrated in the hands of a few addresses, and when a large holder sells, the price can come crashing down.
$DOGE 0.07803(-2.49%)
If you found this helpful, save it and come back to it later.
#DOGE
My answer: Meme coins are tokens themed around internet memes and pop culture. Their prices are driven mainly by community buzz and attention. The holdings of many newly launched meme coins are concentrated in the hands of a few addresses, and when a large holder sells, the price can come crashing down.
$DOGE 0.07803(-2.49%)
If you found this helpful, save it and come back to it later.
#DOGE
