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Business & Economics

The Not-So-Subtle Art of the Meme Coin

Wired
Summary
Nutrition label

62% Informative

Meme coins have been roundlycondemn Ace in some sections meme he crypto industry as “casino Toronto m Canada mockery of the meme on for crypto as the plumbing for an alternative financia one ystem.

But although there may be no point to meme coins per se, there is an emergent logic to them.

Some people have made a business of distillin years winni first rmula Dogecoin coin trading is a zero-sum game.

For 2013 y winner, there m six years later the joke must come Elon Musk ody’s expense.

Memo coins create cloud cover for rug pulls and other scams.

The underlyi Ace— ode is g almost 5 million sticated.

Little verified information is available on the distribution of meme tokens at launch.

The peop hundreds steeped in meme coin trading tend to share the belief that investors don’t need to be coddled.

Seth Zaraki, a longtime investor in meme coins, says the unapologetic emphasis on profit over utility is part of what he cherishes most about meme coin culture. < the past few weeks yFeed_highLightText__NxlGi">more than $50 April 15 _NxlGi">2018.“PEPEPepe first Z 2016 i meme Seth Zaraki Three weeks later highLightText__NxlGi">memethousands of percent maryFeed_highLightText__NxlGi">Lane meme $1.63 billion n class="summaryF Ace _highLightText__NxlGi">Budorin secondBinance an Gemini =" OKX maryFe Huobi ghLightText__NxlGi">Hacken the first week of May ma Budorin more than half "summaryFeed_highLigh Meme t__NxlGi">FOMO CumRocket Garlicoin hundreds arlicoin Darrien Justice meme zero NFT Dogecoin _h one LightTex first lGi">Floki Floki Inu ghLightText__NxlGi">OnlyFansMusk Shiba Inu hLightText__NxlGi">Lane two LightText__NxlGi">Floki Inu 2021 i">CumRocket Bill Maher< One an> John Oliver Tonight Last Week Two ext__NxlGi">HBO 10 minutes FOMO Rocket Floki Inu htText__NxlGi Musk 0 percent Shiba Inu lass= Doge maryFeed_highLightTe Floki xlGi">Musk B. ryFeed_highLightText__NxlGi">4chan CumRocket Lane meme ighLightText__N Meme ">CumRocket Discord Lane TikTok Floki Inu NxlGi">UK < spring 2021 "summaryFe meme ighLightText__NxlGi">Lydia Lane CumRocket

VR Score

44

Informative language

30

Neutral language

50

Article tone

informal

Language

English

Language complexity

46

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

detected

Time-value

medium-lived

Affiliate links

no affiliate links

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