The current price of Memecoin is $0.010540. Since 00:00 UTC, Memecoin has decreased by -5.64%. It currently has a circulating supply of 33,855,287,045 MEME and a maximum supply of 69,000,000,000 MEME, giving it a fully diluted market cap of $355.75M. At present, the Memecoin coin holds the 124 position in market cap rankings. The Memecoin/USD price is updated in real-time.
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Memecoin is a cryptocurrency that was created on the Ethereum blockchain. It is a social experiment and a source of amusement within the cryptocurrency landscape.
Memecoin does not have any inherent functional utility, intrinsic value, or the expectation of financial returns, unlike some other cryptocurrencies such as Bitcoin or Ethereum. Despite its lack of traditional use-cases, Memecoin has carved out its own niche within the cryptocurrency universe. Its impact and value are derived from its dynamic community and the whimsical charm of internet memes.
How does Memecoin work
Memecoin is a cryptocurrency that works differently from traditional cryptocurrencies such as Bitcoin and Ethereum. It does not have any inherent applications and its value is derived from the collective entertainment that it brings to the world of cryptocurrencies.
The volatility of Memecoin's trading volume makes it challenging to use traditional market approximation techniques to value it. However, Memecoin has managed to create a significant impact within the global cryptocurrency market due to its unique and entertaining nature.
About the Founder
Memecoin was founded by the team at Memeland, a web3 venture studio that was spun off from 9GAG, a leading global meme platform. 9GAG has over 200 million monthly followers and is ranked among the top 500 websites globally. The team at Memeland has over 15 years of experience in building community-focused products and has worked with hundreds of distinguished brands, thousands of leading creators, and millions of passionate supporters.
Memeland is focused on the potential of social banking and the Creator Economy. Since June 2022, the team has launched three non-fungible token (NFT) collections: You The Real MVP, The Captainz, and The Potatoz.
Highlights of Memecoin
Memecoin raised $15.80 million USD in two pre-sale rounds. Private investors purchased 12% of the total supply, and the Memeland community purchased 11%. As of October 27, 2023, the total supply of MEME tokens is 69 billion, with a circulating supply of approximately 8.8 billion tokens upon listing, representing about 12.75% of the total supply.
The Memecoin whitepaper states that MEME is not intended to serve as a medium of exchange, a representation of money, or a security, share, or debenture. It does not offer any rights to exchange MEME for goods or services, voting rights in the Memeland ecosystem, participation in any enterprise's business operations, or any entitlement to profits, dividends, or revenue. MEME does not represent any indebtedness or the promise of a financial return.
Memeland has not released a roadmap or made any explicit promises to investors or the community. Despite its lack of traditional utility and value expectations, Memecoin brings a new perspective to the cryptocurrency world, fueling a global culture of humor and fun.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 61K new posts about Memecoin, driven by 6.3K contributors, and total online engagement reached 19M social interactions. The sentiment score for Memecoin currently stands at 80%. Compared to all cryptocurrencies, post volume for Memecoin currently ranks at 125. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Memecoin.
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Posts
61,215
Contributors
6,261
Interactions
18,696,431
Sentiment
80%
Volume rank
#125
X
Posts
51,603
Interactions
11,715,272
Sentiment
81%
MEME FAQ
How much is Memecoin worth today?
Currently, one Memecoin is worth $0.010540. For answers and insight into Memecoin's price action, you're in the right place. Explore the latest Memecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Memecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Memecoin have been created as well.
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