The Not-So-Helpful FAQ on Meme Coins: Where Money Goes to Party, Then Die

Q: What exactly is a meme coin?

A: Imagine if your teenage nephew's inside joke somehow became a multi-billion dollar financial instrument. That's a meme coin. Technically speaking, it's a cryptocurrency token with no inherent utility or value proposition beyond "haha funny" and "number might go up." Think Dogecoin (with the Shiba Inu dog) or PEPE (with the frog). If your investment thesis includes the phrase "because internet," you're in meme coin territory.

Q: Are meme coins a good investment?

A: Is playing Russian roulette with five bullets a good relaxation technique? Meme coins are to investing what karaoke is to professional singing—entertaining for everyone involved but rarely leads to sustainable outcomes. According to studies that I'm not making up, 99% of celebrity-backed meme coins lose nearly all value post-peak. But hey, that 1% though!

Q: How do meme coins get value?

A: The same way your grandmother's porcelain figurines got value in the 90s: people decided they wanted them. The technical term is "collective delusion." Meme coins operate on three principles:

Someone creates token with funny name/logo

People buy it thinking others will buy it later at higher prices

Everyone pretends it's not a pyramid schemeThe difference between collecting Beanie Babies and buying TRUMP coin is that Beanie Babies at least had stuffing inside them.

Q: Who creates these tokens?

A: Anyone with a laptop and questionable financial ethics! The barrier to entry is lower than my expectations for government regulation. You can be a:

• 13-year-old with coding skills and a dream
• Failed tech entrepreneur seeking redemption
• Venture capitalist with too much money and too little shame
• Actual scammer deliberately running a pump-and-dump

My personal favorite was an AI researcher who created GOAT token after two Anthropic AI bots became obsessed with an obscene meme. Because nothing says "sound investment" like an origin story involving artificial intelligence hallucinations.

Q: I heard someone made millions on a dog coin. Could that be me?