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Meme coins refer to a type of cryptocurrency that gains popularity and value primarily due to viral internet memes and online communities. These coins often utilize humorous or meme-inspired branding and marketing strategies to attract attention and generate hype. While meme coins may initially garner significant interest and speculative trading activity, they typically lack substantial utility or underlying value. Examples of popular meme coins include Dogecoin (DOGE) and Shiba Inu (SHIB). It’s important to approach meme coins with caution, considering their highly speculative nature and potential for rapid price volatility.
