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noun

memecoin

MEEM-koyn
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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.”

noun
1
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.
"The memecoin rose sharply after a single post, then gave up the gain within a week."
"Most memecoins are created in minutes using a template and cost nothing to launch."

How to use memecoin

Learner’s notes

In plain EnglishA crypto coin based on a joke or an internet trend.

When to use it

Informal but standard, and used without judgement in reporting. Spelled as one word (memecoin) or two (meme coin); both are common.

Memory tip

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 ↓
Easily confused with
shitcoin altcoin utility token
Common pairings
launch a memecoin memecoin mania a dog-themed memecoin memecoin trader
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The _____ rose sharply after a single post, then gave up the gain within a week.

Etymology

A compound of meme and coin.

Origin: English

meme token joke coin novelty coin

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.
What is the meaning of 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.
Definitions: FreeDict original editorial