A meme coin is a cryptocurrency that is based on a meme or that was created as a joke in much the same way as a meme. The term meme coin can also refer to a unit of such a cryptocurrency. Perhaps the most prominent cryptocurrency commonly referred to as a meme coin is Dogecoin, a cryptocurrency based on the Doge meme. But there are many, many others. Sometimes, the term meme coin is applied in a dismissive way to more mainstream cryptocurrencies, often to imply the belief the cryptocurrency will be short-lived or is likely to lose value after initial activity. Meme coins are often collected or traded by people who simply want to be part of the joke, but, like other cryptocurrencies, they are sometimes treated as investments whose value can increase sharply along with popularity. In general, cryptocurrencies are generally considered highly volatile, and meme coins are seen as particularly prone to such volatility. Example: A meme coin based on Darth Vader was trending on Twitter today.
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