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The rise, the risks and the rewards of meme coins in crypto culture

Posted on AllSides June 6th, 2024
From The Right

Meme coins have taken the cryptocurrency world by storm, uniquely allowing internet culture and digital finance to collide. Named after various characters, animals, or popular artworks, these coins are often backed by enthusiastic online communities. While they can be amusing and even lucrative, meme coins are also highly volatile and risky, prompting debate surrounding their intrinsic value. Meme coins, such as the many coins that fall under the Solana Meme Coin umbrella, thrive on the exuberance of their online communities. They are frequently associated with animated characters or meme images....

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https://richmond.com/life-entertainment/the-rise-the-risks-and-the-rewards-of-meme-coins-in-crypto-culture/article_70c415a9-c27a-57ee-975e-b75f883222b8.html

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