Meme coin:
A meme coin (also spelled memecoin) is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic. It may be used in the broadest sense as a critique of the cryptocurrency market in its entirety—those based on particular memes such as “doge coins”, celebrities like Coinye, and pump-and-dump schemes such as BitConnect—or it may be used to make cryptocurrency more accessible. The term is often dismissive, comparing the value or performances of those cryptocurrencies to that of mainstream ones. Supporters, on the other hand, observe that some memecoins have acquired social currency and high market capitalizations.
That could be an expensive joke. Noted in “Solana-based GameStop meme coin gains traction after retailer pulls plug on crypto,” SlamAI (oh, great, now I’m quoting fucking AI writers), yahoo!finance:
A Solana-based meme coin inspired by GameStop’s GME shares has surged to over US$31 million in market capitalization in just three days.
The new cryptocurrency, which also has the GME ticker, rose by more than 285% in the past 24 hours, echoing GameStop’s headline-making stock market saga.
In January 2021, GameStop experienced a dramatic stock surge due to a short squeeze largely driven by users of the Reddit forum r/wallstreetbets, inflicting heavy losses on hedge funds and short sellers.
Surely it’s a sign of the apocalypse.
Which itself will be memorialized by the Apoca-coin. Its mascot will be the alpaca, its fruit will be the opalka, and its dance?
The polka. Music provided, naturally, by “Weird Al” Yankovic fronting The Ramones. Because.
And we’ll all die dirt poor and bewildered on while our schemes bore fouled fruit. Except Weird Al. He’s too smart for that. He’ll die in a stampede of alpaca, or maybe smothered in opalka.
