Culture, community and low cost to launch. They work as social experiments more than products.
How to check it yourself
- Read the token's origin story on its site or socials and note whether it describes a product.
- Check what it costs to launch on its launchpad. Low cost explains why there are so many.
- Look at how its community talks about it. Culture and in-jokes are the usual reason people hold.
Sources
- coingecko.comhttps://www.coingecko.com/learn/meme-coins-good-bad-ugly
- coinjar.comhttps://www.coinjar.com/eu/learn/memecoin-pepe-dogwifhat-shib-bonk-doge
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