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Meme coin is the most "down-to-earth" and emotionally powerful type of token in the cryptocurrency market.
Its price often does not rely on technology or fundamentals, but is driven by traffic, sentiment, and community consensus.
In a nutshell: Meme coin is not "technology-driven" but "story-driven + group sentiment-driven".
Origin of Meme coin
The term "Meme" comes from English, meaning "meme" or "cultural symbol".
In the crypto market, the earliest representative of Meme coins is Dogecoin, which originated from a Shiba Inu meme and was originally just a joke.
However, no one expected that this "joke" would eventually turn into a phenomenon with a market value of hundreds of billions of dollars.
Later, a large number of Meme coins such as Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK) emerged, becoming market hotspots.