Memecoin

A memecoin is a cryptocurrency that originated from an internet meme, joke, or cultural reference rather than a specific technological innovation or utility. Dogecoin (inspired by the Shiba Inu meme) and Shiba Inu are the most well-known examples. Memecoins are typically driven by community enthusiasm, social media hype, and viral marketing rather than fundamentals. While some have achieved enormous market capitalizations, they are considered highly speculative and prone to extreme volatility.