From Cute Pet Image to Presidential IP: Analyzing the Past and Present of MEME Coin

MEME coin is a unique digital asset that originates from internet culture but can create huge waves in the financial market. These seemingly unserious digital currencies are attracting significant funds and attention at an astonishing rate. This article will take you deep into the world of MEME coin, exploring their origins, development history, and possible future.

The Origin of MEME Coin: Started with "Doge"

The pioneer of MEME coin is Dogecoin(. At the end of 2013, software engineers Billy Markus and Jackson Palmer created this cryptocurrency, initially as a joke. Its inspiration came from the popular "Doge" meme at the time - an image of a Shiba Inu with a humorous inner monologue.

Dogecoin quickly became popular, gaining astonishing attention in just a few weeks. Initially, it was mainly used for "tips" on social media platforms, allowing users to reward interesting or valuable content creators with small amounts of Dogecoin. This lighthearted atmosphere attracted a group of loyal followers, forming a vibrant community.

In 2021, Elon Musk mentioned Dogecoin multiple times on social media, pushing it to a global craze, with its price skyrocketing by more than 8000%, and its market value surpassing 88 billion USD. This initial joke project surprisingly accumulated a huge market value and influence, laying the foundation for the subsequent emergence of many MEME coins.

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The Evolution of MEME Coin: From Cute Pets to President

After the success of Dogecoin, various MEME coins have sprung up like mushrooms after the rain. Their inspirations are more diverse, including:

• Animal Theme: Shiba Inu coin ) SHIB (, Bonk coin ) BONK (, Pepe coin ) PEPE (, etc.
• Political figures: $TRUMP, $BODEN, $LIBRA, etc.
• Artificial Intelligence: Dawgz AI, etc.

The number of these MEME coins has exploded. In October 2021, there were only 124 types of MEME coins circulating in the market, but by February 2025, millions of types of MEME coins had emerged on certain platforms.

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The Operation Mechanism of MEME Coin

Despite seeming like a joke, MEME coins still rely on blockchain technology. Most MEME coins operate as tokens on existing blockchains, such as Ethereum and Solana. Their value is primarily driven by social and cultural factors, rather than technological innovation or practical applications.

The "token economics" of MEME coin typically includes:

• Supply: Often very large or even unlimited
• Distribution method: through airdrops, pre-sales, etc.
• Unique mechanism: such as token burn

It is worth noting that the threshold for creating MEME coin is very low. Many tools and platforms make it easy for anyone to issue their own MEME coin. This ease of creation fosters innovation, but also increases the risk of the market being affected by low-quality tokens and potential scams.

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Growth and Explosion of MEME Coin: Taking Solana as an Example

Solana has become an important platform for MEME coin projects, with key advantages including:

• Lightning-fast trading speed ) 65,000 transactions per second (
• Extremely low transaction fees ) are usually less than one cent (

This efficiency has attracted a large number of developers and investors, leading to a surge in activities related to Solana-based MEME coins. The launch of the token launch platform Pump.fun has further fueled this trend.

However, the LIBRA token scandal that occurred in February 2025 affected other core protocols on Solana, leading to a decline in the status of some MEME coin leaders. Nevertheless, the Pump.fun platform still maintains a high level of activity.

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The Power of Community: The Core of MEME Coin Frenzy

In the world of MEME coin, the power of online communities is crucial. Active communities on platforms such as Twitter, Reddit, and Discord drive the popularity and value growth of MEME coin through continuous creation and sharing of relevant content.

The value of MEME coin largely depends on the collective belief and enthusiasm of its online community. Social media platforms have become a breeding ground for hype, and viral spread can quickly drive up prices. The "fear of missing out" ) FOMO ( sentiment is also an important factor driving investment.

The term "Diamond Hands" ), popular in the community, refers to investors who hold their assets even during price declines. This "never give up" spirit creates strong social pressure, encouraging members to maintain their faith.

However, this reliance on social sentiment also makes MEME coin highly susceptible to sudden changes in public opinion. Essentially, the community has become the "currency" that determines the value of these digital assets.

Celebrity Effect: The Power of Tweets

Celebrity social media posts often serve as catalysts for MEME coin price fluctuations. Some notable cases include:

• Elon Musk: His tweets have repeatedly triggered a surge in Dogecoin prices.
• Snoopy Dog: Supports Dogecoin and launches related projects
• Gene Simmons: Self-proclaimed "God of Dogecoin", has pushed the price to new highs.

The involvement of political figures has introduced a new dimension to MEME coin:

• Donald Trump: Launched $TRUMP coin, with a market value of 27 billion USD on the first day, but subsequently fell sharply.
• Javier Milei: Promotion of $LIBRA coin has sparked controversy, referred to as the "CryptoGate" incident
• Melania Trump: Launched $Melania coin, also experienced great ups and downs.

These cases show that the celebrity effect can quickly ignite the market, but the impact is often short-lived and the price fluctuations are severe. The potential conflicts of interest behind celebrity endorsements have also raised concerns.

Risks and Opportunities of MEME Coin

MEME coin is known for its extreme price volatility, bringing high risk and high return potential for investors. The main risks include:

• Market manipulation: such as "pump and dump" and "exit with funds"
• Regulatory uncertainty
• Lack of intrinsic value support

However, there are also potential opportunities for MEME coin:

• Short-term high return potential
• A platform for community engagement and innovation
• Potential integration with emerging technologies ( such as NFT and metaverse )

For those interested in participating in MEME coin investment, some key advice includes:

• Only invest funds that you can afford to lose
• In-depth study of the project team, white paper, and community
• Be cautious of high return promises and anonymous teams.
• Check the token distribution and liquidity lock status
• Use on-chain analysis tools to track transactions
• Manage your position well and set stop-losses.

Prospects for the Future of MEME Coin

The future of MEME coins is viewed differently. Supporters believe that they may develop real use cases, such as becoming tools for community governance. Critics argue that they lack intrinsic value and will eventually disappear.

Possible future development directions include:

• Deep integration with emerging fields such as NFT, metaverse, etc.
• Strengthening of regulatory measures
• The established MEME coin (, like Dogecoin ), may continue to maintain a certain position.

Regardless, MEME coin has left a profound mark in the cryptocurrency world with its unique cultural genes and strong community foundation. Their stories not only reflect the financial innovations of the digital age but also showcase the influence of internet culture on the real world. The future direction of MEME coin will continue to be a topic worth paying attention to.