{"id":39788,"date":"2024-02-06T12:47:27","date_gmt":"2024-02-06T18:47:27","guid":{"rendered":"https:\/\/huewhite.com\/umb\/?p=39788"},"modified":"2024-02-06T12:47:27","modified_gmt":"2024-02-06T18:47:27","slug":"word-of-the-day-939","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2024\/02\/06\/word-of-the-day-939\/","title":{"rendered":"Word Of The Day"},"content":{"rendered":"

Meme coin<\/em>:<\/p>\n

A\u00a0meme coin<\/b>\u00a0(also spelled\u00a0memecoin<\/b>) is a\u00a0cryptocurrency<\/a>\u00a0that originated from an\u00a0Internet meme<\/a>\u00a0or has some other humorous characteristic.\u00a0It may be used in the broadest sense as a critique of the cryptocurrency market in its entirety\u2014those based on particular memes such as “doge coins”, celebrities like\u00a0Coinye<\/a>, and\u00a0pump-and-dump<\/a>\u00a0schemes such as\u00a0BitConnect<\/a>\u2014or 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\u00a0social currency<\/a>\u00a0and high\u00a0market capitalizations<\/a>.<\/p><\/blockquote>\n

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<\/strong><\/em>:<\/p>\n

A Solana-based meme coin inspired by GameStop\u2019s GME shares has surged to over US$31 million in market capitalization in just three days.<\/p>\n

The new cryptocurrency, which also has the GME ticker, rose by more than 285% in the past 24 hours, echoing GameStop\u2019s headline-making stock market saga.<\/p>\n

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.<\/p><\/blockquote>\n

Surely it’s a sign of the apocalypse.<\/p>\n

Which itself will be memorialized by the Apoca-coin. Its mascot will be the alpaca, its fruit will be the opalka, and its dance?<\/p>\n

The polka. Music provided, naturally, by “Weird Al” Yankovic fronting The Ramones. Because.<\/p>\n

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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Meme coin: A\u00a0meme coin\u00a0(also spelled\u00a0memecoin) is a\u00a0cryptocurrency\u00a0that originated from an\u00a0Internet meme\u00a0or has some other humorous characteristic.\u00a0It may be used in the broadest sense as a critique of the cryptocurrency market in its entirety\u2014those based on particular memes such as “doge coins”, celebrities like\u00a0Coinye, and\u00a0pump-and-dump\u00a0schemes such as\u00a0BitConnect\u2014or it may be used \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39788","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/39788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=39788"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/39788\/revisions"}],"predecessor-version":[{"id":39789,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/39788\/revisions\/39789"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=39788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=39788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=39788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}