When you hear meme coin, a cryptocurrency created as a joke or internet trend, often with no real utility or team behind it. Also known as dog coin, it's usually launched with a viral image, a catchy name, and zero fundamentals. Unlike Bitcoin or Ethereum, meme coins don’t solve problems—they ride hype. And that’s exactly why they’re so dangerous.
Most meme coins are built on existing blockchains like Ethereum or Solana, but they don’t need audits, whitepapers, or even a working product. All they need is a TikTok trend, a Reddit thread, or a celebrity tweet. That’s how Dogecoin exploded in 2021, and how dozens of others like Shiba Inu, PEPE, and BONK followed. But here’s the truth: over 95% of meme coins vanish within months. Their value isn’t based on adoption or technology—it’s based on how many people are still willing to buy in before the crowd leaves. And when that happens? The price collapses faster than a house of cards in a windstorm.
What makes meme coins extra risky is how they’re used to hide scams. Fake airdrops like CovidToken, a non-existent crypto project used to trick users into connecting wallets and losing funds, or fake exchanges like LongBit, a phishing site pretending to be a real crypto platform, often slap a meme coin name on them to look legit. Even real projects like BABY token, the token from BabySwap that had a real airdrop years ago but now has no new distribution get dragged into scams because people still search for "BABY airdrop 2025"—and scammers are ready with fake sites.
You’ll find posts here that break down exactly how these scams work. No fluff. No hype. Just facts: what a real airdrop looks like, why most "free token" claims are lies, and how to check if a coin has any actual activity on the blockchain. Some of these meme coins had millions in market cap once. Now they trade for pennies—or nothing at all. The ones still alive? Most are just gambling chips with a funny logo.
There’s no magic formula to make money off meme coins. But there is a way to not lose everything. Learn how to spot the red flags—the fake websites, the anonymous teams, the pump-and-dump patterns. You don’t need to understand DeFi to avoid getting ripped off. You just need to know when something sounds too good to be true. And in crypto? It almost always is.
Bulei (BULEI) is a near-worthless meme coin with 420.69 billion tokens, zero development, and almost no trading. Learn why it's a high-risk gamble with no future.