[MEME Study Notes] An article that tells newbies what MEME coin is!

This guide is prepared for newbies like you, using the most straightforward and easy-to-understand way to help you fully understand the crazy and fascinating world of MEME coin.
1. What is MEME coin? Simply put, it is a "meme coin".
Imagine a coin that has no actual use (unlike Ethereum which can be used to build programs, or Filecoin which is used for storage), its value comes almost entirely from community consensus, internet memes, and strong marketing. This is MEME coin.
Several core features:
1. Culture-driven, rather than technology-driven: its value does not come from technological innovation or solving practical problems, but from the culture, stories, or emotions it represents. For example, the logo of Dogecoin (DOGE) is a Shiba Inu, originating from a "Doge" meme, which embodies a spirit of "fun, anti-traditional, and tipping culture."
2. Community is everything: The vitality of a MEME coin entirely depends on its community. The more active, cohesive, and influential the community, the greater the likelihood of the coin's success. You can think of the community as the "fan club" of this coin.
3. High volatility, high risk and high return: Due to the lack of intrinsic value support, the price of MEME coin is entirely determined by market sentiment and hype. It can surge several times due to a celebrity's tweet, or it can instantly crash as the hype fades. "Boom and bust" is its norm.
4. The supply is usually massive: Many MEME coins have a total issuance of astronomical figures (such as trillions), so you often see coin prices like 0.000006. This creates a psychological illusion of being "cheap" and "able to buy a lot."
In summary: MEME coin is more like "the stock of internet cultural consensus"; you are not investing in a company, but in a cultural symbol and the community sentiment behind it.
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2. What are the well-known /MEME coins currently in the market?
The MEME coin market is full of ups and downs, but there are a few that have become "established strong players" and "new internet celebrities." (Please note that the following examples are merely market cases and are by no means investment advice!)
"Old giants" (have formed a strong consensus)
1. Dogecoin (DOGE)
· Source of meme culture: "Doge" meme.
· Features: The "ancestor" of MEME coin, possessing the strongest community and the highest recognition. It has received multiple endorsements from Tesla CEO Elon Musk, having a huge influence. It has gradually evolved from a pure MEME coin into a digital currency with payment attributes.
2. Shiba Inu coin (SHIB)
· Meme culture origin: Japanese Shiba Inu breed, self-proclaimed as "DOGE killer."
· Features: Achieved an amazing surge in 2021, becoming the myth of "grassroots counterattack." It has built an ecosystem around SHIB, including a decentralized exchange (ShibaSwap), NFTs, etc., trying to go beyond pure MEME attributes.
Emerging and popular MEME coins (market rotation is fast, this list will change)
1. Pepe Frog (PEPE)
· The origin of meme culture: the classic "Pepe the Frog" internet meme.
· Features: Strongly emerged in 2023, attracting a large number of players with its "pure MEME nature" and zero tax mechanism, once again proving the powerful influence of MEME culture.
2. Dogwifhat (WIF)
· The origin of meme culture: a photo of a Shiba Inu wearing a knitted hat.
· Features: A star MEME coin on the Solana chain, known for its minimalist MEME attributes and strong community marketing (such as community crowdfunding to get its logo on a basketball in Las Vegas), is one of the focal points of the recent market.
3. FLOKI (FLOKI)
· The origin of meme culture: Elon Musk's Shiba Inu name.
· Features: Leveraging Musk's popularity, it aims to build a complete project that includes NFTs, the metaverse, and DeFi, and is one of the representatives of "practicality MEME coin."
Note: In addition to these, thousands of new MEME coins are born and die every day. You can track hot topics on community platforms like Twitter (X), Discord, and Binance Square.
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3. What should you pay attention to when playing with MEME coins? (Summary of blood and tears lessons)
This is the most important part! Please make sure to read and understand each item carefully.
1. Only use money you can afford to lose!
· This is the first and the most important point. Playing with MEME coins is more like a high-risk speculation or even gambling. Please make sure to only use spare money that you can afford to lose completely, such as 1%-5% of your total assets. Absolutely do not use living expenses, tuition fees, or loans to play, otherwise, your mindset will collapse, and the consequences could be very serious.
2. Deeply understand "zero risk"
· The final fate of the vast majority of MEME coins is to lose all value. The project team may run away (Rug Pull), and the hype may disappear overnight. The money you invest could be lost entirely. Before clicking the "Buy" button, you need to be mentally prepared for this money to vanish.
3. Do your research, but don't believe in "myths".
· Check the contract address: Confirm whether the coin's contract address is correct to prevent purchasing fake coins.
· Check the holder distribution: If the top 10 addresses hold more than 50% of the tokens, the risk is extremely high, and the project team can easily dump the market.
· Check liquidity: Is it already locked? If the liquidity can be withdrawn, it is almost a hundred percent scam.
· Beware of "guaranteed doubling" and "insider information": these are almost all scams. Do not trust anyone's private message recommendations.
4. Overcoming FOMO (Fear of Missing Out) Emotions
· When you see a coin has skyrocketed dozens of times, never rush in to buy it just because you are "afraid of missing out." The rise of MEME coins is often to attract retail investors, after which large holders will sell off. It's better to miss out than to make a mistake.
5. Establish clear profit-taking and stop-loss strategies
· Think ahead before buying: At what percentage of profit will I sell part of my holdings? At what percentage of loss must I cut my losses and exit?
· And strictly enforce it! Human greed and fear can make you lose your way in the market. Having a strategy is essential to preserve profits and control losses. Remember: you can never sell at the highest point or buy at the lowest point.
6. Be careful with wallet security
· Do not connect your wallet to unknown websites, and do not disclose your mnemonic phrase and private key. When participating in new projects, it is best to use a brand new wallet that does not contain any other important assets.
7. Maintain an entertainment mindset
· Treat participating in MEME coin as a way to experience blockchain culture, learn about market dynamics, and make friends in the community. If you carry the heavy pressure of "getting rich overnight," you will suffer greatly. Enjoy the process and take the results lightly.
Summary
MEME coin is the wildest, most exciting, and most dangerous corner of the cryptocurrency world. It can be a stage for cognitive monetization or a meat grinder for wealth to go to zero.
For newbies, my advice is:
Participate with small funds to feel the market; focus your main efforts on learning the fundamentals of blockchain; always prioritize risk control.
Wish you to have fun in this crazy world while also protecting your principal!
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