memecoin
Memecoin (noun) means a cryptocurrency built around a joke, an internet meme or a public figure rather than around any technical purpose, whose value comes almost entirely from how much attention it attracts. Example: “The memecoin rose sharply after a single post, then gave up the gain within a week.”
How to Use Memecoin
Learner’s notesIn plain EnglishA crypto coin based on a joke or an internet trend.
Informal but standard, and used without judgement in reporting. Spelled as one word (memecoin) or two (meme coin); both are common.
Calling something a memecoin describes what it is about, not how well it is made. Some memecoins have very large markets; most disappear.
Trace the full origin ↓Fill the Gap
Can you complete this real example?
The _____ rose sharply after a single post, then gave up the gain within a week.
Etymology
A compound of meme and coin.
Synonyms
View more →Rhymes for memecoin
See all rhymes for memecoin →Frequently Asked Questions
What is the difference between a memecoin and a utility token?
A utility token is issued to be used for something within a particular system, such as paying fees or accessing a service. A memecoin makes no such claim; it exists as a tradable joke or a community badge. The distinction is about stated purpose, and some tokens sit awkwardly between the two.
Is a memecoin the same as a shitcoin?
No. Memecoin describes the theme of a coin, while shitcoin is an insult about its quality. The words are often used about the same token, but a project can be called a memecoin quite neutrally, including by the people who made it.
Where does a memecoin's price come from?
Only from what buyers and sellers agree to pay at a given moment, since there is typically no revenue, product or asset behind it. That makes prices unusually sensitive to social media attention and to the actions of a small number of large holders. Movements can be very large in both directions and over short periods.