Meme Coin: What They Are, Why They Crash, and What You Really Need to Know
When you hear meme coin, a cryptocurrency created as a joke or internet trend, often with no real utility or team behind it. Also known as memecoin, it usually starts as a social media joke but can explode in price thanks to hype, influencers, and FOMO. Meme coins like Dogecoin and Shiba Inu didn’t start as serious investments—they started as memes. But now, people are betting thousands, sometimes millions, on them. And most of those bets lose.
What makes a meme coin different from Bitcoin or Ethereum? It doesn’t solve a problem. It doesn’t have a whitepaper with real tech. It doesn’t even have a team you can find on LinkedIn. Instead, it rides on viral trends, Reddit threads, or a celebrity tweet. That’s why you’ll see Dogecoin, the original meme coin, created in 2013 as a parody of Bitcoin, using the Shiba Inu dog from the "Doge" meme still trading years later—because it became a cultural moment. But look closer: Shiba Inu, a later meme coin built on Ethereum, marketed as the "Dogecoin killer," with no real innovation but massive community-driven speculation has no actual use case beyond trading. Its value is pure sentiment. And sentiment changes fast.
Most meme coins die within weeks. Take Summit (SUMMIT) or RichQUACK (QUACK)—both show up in our posts as chaotic tokens with fake supply numbers, zero development, and no real holders. These aren’t investments. They’re gambling chips with a blockchain label. The people pushing them aren’t developers—they’re promoters with Discord channels and paid TikTok ads. You’ll see posts about "airdrops" that don’t exist, price predictions that come from bots, and "limited supply" claims that are outright lies. The only thing consistent? The pump-and-dump cycle.
Why do people still buy them? Because they see someone else making money. Because they think, "What if I get in early?" But the truth is, the early buyers are the ones who created the coin. You’re the last one in. And when the hype fades—and it always does—you’re left holding a token no one wants. The same thing happened to MyCoinStory, BitGlobal, and Cryptopia. Those weren’t meme coins, but they were built the same way: no substance, just noise. Meme coins follow the same playbook.
There’s no shame in wanting to have fun with crypto. But if you’re putting money into a meme coin, treat it like lottery tickets—not savings. Know the odds. Know the risks. And never invest more than you’re willing to lose. In this collection, you’ll find real breakdowns of the most talked-about meme coins, the scams hiding behind them, and the people who got burned. No fluff. No hype. Just what happened, who got paid, and why you should walk away from most of them.