Meme coins are cryptocurrencies that gain popularity through internet memes and social media trends, often featuring humorous or satirical themes. They typically lack underlying value or utility beyond their community-driven hype.
While some meme coins have seen significant price appreciation due to speculative trading, they are generally considered highly volatile and risky investments. Their value is largely driven by social media sentiment and can be subject to sudden and drastic fluctuations.
Meme coins are distinct from other cryptocurrencies like Bitcoin or Ethereum, which have a more established use case and technological foundation.