From Humor to Extremes: The Crazy Transformation of Memecoins!

Memecoins, which started as a joke, have become a huge force impacting global politics, economics, and even cultural sentiments. Originally a satirical asset, it unexpectedly became embroiled in billion-dollar scams and political struggles.

Out of Control Joke: The Rise of DOGE

The original Memecoin, Dogecoin (DOGE), was created by Billy Marcus and Jackson Palmer in 2013. Its purpose was to humorously counter the serious atmosphere surrounding Bitcoin. To their surprise, it quickly exploded in popularity, surpassing Bitcoin in trading volume within just two weeks.

With the rise of DOGE, other meme coins appeared, such as YeCoin, MaxCoin, and others. Although these meme coins were not initially taken seriously, DOGE's success sparked a trend, attracting the birth of more meme coins.

Shiba and Elon: The Evolution of Memecoins

Shiba Inu, as a challenger to DOGE, rapidly developed from a small project into a massive ecosystem encompassing various functions such as blockchain, DEX, and NFTs. Meanwhile, Floki Inu expanded its ecosystem through gamification and the metaverse. Despite the continuous technical development of these coins, DOGE and Shiba still maintain high popularity.

The Future of Memecoins: From Humor to Political Tools

The charm of Memecoins lies not only in humor and parody but also in their strong emotional and social influence. With the rise of Web 3.0 and NFTs, Memecoins are gradually becoming a new community incentive tool. Many projects quickly attract a large number of users through tasks, games, and other forms, even without substantial practical functionalities.

Even more surprisingly, Memecoins have penetrated the political arena. Various politically related Memecoins have emerged, and some political figures have even used Memecoins to promote their agendas and election campaigns. Whether as adversarial coins or supportive coins, Memecoins have become a new means of political marketing.

Hate Coins: The Dark Side of Memecoins

However, the evolution of Memecoins is not always positive. Some extremists exploit Memecoins to spread hate messages. Niche coins like "Let's Go Brandon" ultimately went down the path of scams. Even more shockingly, some well-known figures have begun to venture into this realm, promoting the issuance of hate coins.