Memecoin

Memecoins are cryptocurrencies created for fun or comedic purposes, frequently based on memes or humor, rather than serious technological development.

  • Definition: A memecoin is a cryptocurrency created mainly for humor or cultural reference, often based on internet memes rather than serious technological goals.

  • Utility & value: Usually lacks substantial utility or intrinsic value; popularity stems from viral trends, social media, and community hype.

  • Origins & example: Dogecoin is the most famous example—started as a joke based on the “Doge” meme but gained widespread adoption and a passionate community.

Learn more in our memecoins guide.

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Michelle Legge
By Michelle LeggeHead of Crypto Tax Education
Updated Aug 15, 2025
This article has been fact checked and reviewed as per our editorial policy.