memecoin
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English
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Etymology
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Noun
memecoin (plural memecoins)
- (cryptocurrencies) A cryptocurrency or token that is based on a meme or has a comedic trait.
- 2024 July 27, David Yaffe-Bellany, “A Digital Coin Based on Baby Trump? Yup.”, in The New York Times:
- But memecoins are simply online jokes converted into digital money, worth only what people are willing to pay for them. The most famous memecoin is Dogecoin, a cryptocurrency linked to a meme of a talking Shiba Inu puppy.
- 2024 November 12, Tanaya Macheel, “Dogecoin spikes after Trump announces a Department of Government Efficiency — DOGE”, in CNBC:
- Memecoins are seen as a gauge of retail interest and risk appetite in crypto. When memecoin activity ramps up, it usually indicates that retail investors are participating and have an appetite to speculate further out on the risk curve.