Meme Money mundissima/Ĭryptocurrencies aren’t the only financial instruments to turn into viral internet sensations. Musk did not endorse or create this coin. This coin is a combination of Doge, Elon Musk, and his ambitions to take the human race to Mars in the future. Some currencies are just an amalgamation of various other memes, such as Dogelon Mars. There are dozens of spin-offs and offshoots of DOGE alone. There are coins with profane language and coins named after people who did not consent, such as “ CoinYe,” named after Kanye West. There are so many meme coins that there’s an entire meme section on the consolidated crypto tracking website CoinMarketCap. The list above is just a tiny sample of the vast world of meme coins. DogeBonk (DOBO), Doge Dash (DOGEDASH), Dogs of Elon (DOE), Dogey-Inu (DINU), DogeCash (DOGEC), DOGESWAP (DOGES).
Here are a few absurd examples of meme coins: Meme coins attempt to milk every internet trend imaginable, including other meme coins. However, DOGE doesn’t even scratch the surface. To the skeptic, DOGE already sounds a little strange, with its entire visual identity based on a decade-old internet reaction photo. Reading through a list of altcoins based on memes may feel surreal. Members of the community also consider meme coins a vital way to get people interested in cryptocurrency, with public figures like Elon Musk frequently signal boosting meme coins. Some meme coins have useful functionality, like DOGE and SHIBA, and have primarily used the “meme” aspect to increase adoption. Alternatively, scam coins can be a “rug pull” where developers take all the money and completely abandon a project. Once the value is sufficiently high, the early owners of the coin will “dump” to make a massive profit.
Scam coins can take the form of multiple schemes, such as “pump and dump” schemes that call on people to buy a coin in massive numbers. Many meme coins are also “scam coins,” which are cryptocurrencies that exist entirely to enrich the creator.
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