• How It Works:
  1. A meme coin is created (often as a joke or trend).
  2. It gains traction on social media and crypto forums.
  3. Early investors buy in, driving up the price.
  4. The coin goes viral, attracting more investors and hype.
  5. Prices either skyrocket (if the hype continues) or crash (if the hype fades).
• Key Players:
  • Developers: Often anonymous, they create the coin and manage its initial launch.
  • Community: The backbone of any meme coin, driving hype and adoption.
  • Whales: Large investors who can manipulate prices by buying or selling in bulk.