From Dogecoin to $ Trump: All you need to know about the wild world of Meme coins | Cryptocurrency

THRET DAYS BEFORE HER INAUGRATION AS A US President, Donald Trump made an unusual move. Started $ Trump, the so-called meme coin that can buy hopes and speculators in hopes of gaining value. Initially, $ 7 to $ 75 per coin in the daytime, according to the CRIPTO-tracking site for clipto price tracking. Two days later she fell to about $ 40 – just like the incoming first lady Melania Trump launched her own meme, $ melania. Even Pastor on the inauguration ceremony is Trump, Lorenzo Sevell, rolled over in Meme Coin French, promoting $ Lorenzo version the same afternoon.

So what exactly are Meme Coins and why are everyone and their vicar suddenly involved?
Meme coins are a type of digital means based on meme – usually something that has moved viral online. The most famous is Dogecoin, inspired by a popular meme with a cliff speaking. But Dogecoin is a little different from the LEVER newer memovers, says Simon Peters, a Cripto analyst at the Etro’s trading platform. Launched in 2013. year, Dogecoin has its own block – decentralized main technology that filed cryptocurrency such as Bitcoin. Most other memorial coins are “tokens”, which means they act on top of an existing blockade and so it takes a little on the path of technical development.

These tokens are very simple to make; There are a million of them. The only real purpose of most memes is speculation: users create or buy them in hopes that their value will miss so much money can make a lot of money.

Sounds input, what is the catch?
In reality, the vast majority of people lose money. Most coins are unstable and short-term. They are also subject to what is known as “pump and garbage” or “pull the mats”, says Peters. This is when creators store a lot of chips, convert project on social media to attract other customers and increase the value, and then rejected all their tokens – floods on the market and causing the price to crush. “Then everyone moves to another,” says Carol Aleksandar, Professor of Finance at Susseks University. Given the crypto market is largely unregulated, investors have little regress if something goes wrong.

There is no regulator, without Gardel, sounds iffi …
All this did not throw people out, and there was a flourish in Mema coins last year. Alexander compares to the previous one FAD around NFTSAnother type of crypto means (you can remember people who pay millions of pounds for Digital images of the monkey). There are several reasons for a recent interest. January 2024. The video was launching the pump.fun, a platform that allows anyone to create mema coins easily (although it is blocked for users in the UK in December after a Warning from the financial organ). The choice of crypto-adjusted Trump could also be aimed at the community. But the key driver of the menu, says Aleksandar is a more social question: “Mladic, disappointed, wanting to pick them up quickly.”

What would explain why they are based on the internet in jokes or puerile humor…
Really. At the time of writing, several top memorial coins of reference dogs; Shiba Ina Breed is a special touchpoint. Others include Pepe Token, based on a cartoon Mema sometimes connected with Alt-Right and Gigachad token, referencing Meme “Alpha Male”. Subjects Memes also tried to gain viral glory to Parlia: In December, Haliei Welch, better known as “Hawk Tuah Girl” after his referenced oral sex, has launched a token for Havka He lost 95% of his worth).

Are bitcoin and meme coins essentially the same?
Although meme coins have their foundations in cryptocurries such as Bitcoin, Rani Bitcoin Developer Mike Hearn He says they have little to do with the original crypt by vision. In January 2016. he left the Bitcoin community until he agreed with the direction in which he left. He wanted to see cryptocurstity used as a real alternative to traditional finances, not just speculative. Mema coins are the continuation of this trend, “they are basically a form of gambling – the type of ampeping-up version of the stock exchange, but with less to do with any more often.”

It doesn’t sound more crazy than places to bett online …
Then consider the story of the new Zealand artist Andy Airei, who coached AI language model and set X account, @ruth_terminal, to share your thoughts. Airei describes the bot as a teenager as a teenager who “does not have social consciousness when to be gross and when it is not”. ” The terminal of truths especially enjoyed publishing about goats, non-safe for working memes that became part of the wound Internet Lore.

AI has received interest in Meme coins after interacting with CRIPTO accounts in KS, and Airei set crypt’s wallet in his name. Then things became strange. Inspired by Bot’s posts, a foreigner – Airei says that he does not know who created a token on the flow at the pumps.fun and sent some to the truth terminal. The truth terminal promoted the token in his account and “All hell has broken,” says Airei. The market capitalization of tokens – the total value of all tokens – recorded. At its most valuable, about a month after launch, he reached more than $ 1.2 billion, according to coinmarketcap.

AI later became involved in another meme, Fartke, based on fairly more relevant memes (again, Airey says that she does not know the Creator). Fartcoin reached a top cap at its peak of more than $ 2.3 billion.

So Airey was an offense?
It’s not that simple. The whole experience has introduced Airei some of the questions around the coins of Mema. He discovered that their value on paper was massively eclipated what he could actually get for them, due to low liquidity. As soon as it sold tokens, their value would decrease and would negatively affect others who held tokens. Finally, he made a private contract with several investors based not to throw farts to the market. He acknowledges that it is fun to talk to finance and tax authorities about “flip” liquidation. ” He believes that this is part of the coin mixer fan. “The more people get angry about it, especially in traditional finances, more people think that Fartken is funny and Fartcoin goes up,” he says.

Who does money money then?
The main people who earn with a crippt says Aleksandar, whether institutional investors – trade firms that use strategies that will not be allowed in regular shares trading. “All great professional traders make billions of it, and ordinary people lose their money,” she says.

And Trump?
Alexander sees his meme that is slightly different from many coins that has a potential alternative function at the top of speculation: users buy it to show their support to the president. In this way, it is similar to the “fan token”, like those who produce sports teams and players. Trump Token pulled criticism for conflicts of interest; Among other things, Trump Possesses one of the entities collecting trade fees. Alexander thinks the motivation for a coin is simple: “It just shows that it can do such things,” she says. “Can do whatever he loves and he knows that.”