Meaning of memecoin | Babel Free

Definitions

A cryptocurrency or token that is based on a meme or has a comedic trait.

Equivalents

Examples

“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.”

“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.”

“Get⟳ in on our crypto meme coin with this incredible presale offer⟳. Each coin is just $9.95 but could be ten times worth that overnight!”

CEFR level