If you look up the word “meme” in the dictionary, it’s a humorous image, video, or piece of text that is copied, usually with slight variations and spread rapidly by internet users.

A meme coin is a cryptocurrency term for popular currencies, sometimes depicted with comical or animated memes, that are supported by enthusiastic online traders and followers. While meme coins may be fun, they are also highly risky investments and may hold little or no intrinsic value.

Dogecoin, Shiba Inu, and other currencies that may offer more entertainment than usability fall into this category. When buying or trading meme coins, it’s critical to understand the risks to help you avoid unexpected volatility and losses.