What is Memecoin (MEME)?
Did you know memecoin (MEME) spiked by over 200% in just one week, catching massive social media attention in 2024? As the latest viral sensation in crypto, MEME stands out for its "no utility, just memes" ethos. In this guide, you'll learn what a memecoin is, get up-to-date MEME price data, and discover how to buy and trade memecoin safely (especially on OKX). We'll dive into its community roots, compare MEME to DOGE and SHIB, break down tokenomics, spotlight trading risks, and walk you through every step to get started—whether you're new to crypto or already meme-savvy.
What is Memecoin (MEME)? Project Origins & Meme Culture
So, what is memecoin and how did MEME capture the crypto world's imagination? A memecoin is a type of cryptocurrency created entirely for fun, humor, or viral appeal—unlike most tokens, it doesn't claim real-world utility or a tech-driven roadmap. Instead, meme tokens like MEME thrive on community, pop culture, and internet trends.
MEME was launched in 2023 by the creators of 9GAG and Memeland, with a bold ethos: "No utility. No promises. Just memes." This honesty about its lack of a business use-case oddly fuels the hype—people buy for FOMO, funny content, and a sense of belonging.
Meme tokens differ from classic cryptocurrencies in that their value is almost entirely socially constructed. While Bitcoin is known as "digital gold" and Ethereum as a programmable world computer, memecoin (MEME) is, in its own words, just a joke that caught on.
Community-driven hype, especially on Twitter, Reddit, Telegram, and Discord, pushes memecoin news and prices up or down within hours. Viral trends—like celebrity tweets or major internet memes—drive massive surges. In 2024, MEME briefly trended on 9GAG, causing its price to double in a single day.
OKX supports projects like MEME by listing new tokens rapidly, fostering meme culture, and providing safe trading tools for community enthusiasts—enabling users to catch the buzz without missing a meme-fueled rally.
Memecoin (MEME) Tokenomics: Supply, Unlocks & Holders
Understanding memecoin tokenomics is crucial before investing. MEME has a fixed total supply of 69 billion tokens (another meme reference—the number 69 is iconic in meme culture). Here's how the supply breaks down:
- 55% for community rewards (airdrops, LP incentives, DEX/OKX campaigns)
- 25% for the team and core contributors (vesting over 36 months)
- 10% for Memeland ecosystem and partnerships
- 10% for initial liquidity, listings, and early supporters
Token unlocks are scheduled to occur monthly, with team allocations locked for the first 12 months and then released linearly. Watch the unlock calendar, as large unlocks sometimes cause temporary price dips—about 5% of total supply is set to enter circulation in the next two quarters.
Top holders include team wallets, ecosystem funds, and some prominent whales who joined from Memeland's NFT projects. While this boosts liquidity, it concentrates risk—about 18% of circulating MEME is held by the top 10 wallets. Always factor this concentration into your risk calculations.
OKX is transparent with token listings, providing memecoin allocation details and supporting responsible trading through clear unlock schedules and holder data. This empowers users to make informed decisions and spot early warning signs of market manipulation.
How to Buy and Trade Memecoin (MEME): Step-by-Step with OKX
Buying MEME is simple—especially on OKX, where you can fund your account, trade, and withdraw securely on both web and mobile. Here's your step-by-step guide:
Step 1: Register and Verify Your OKX Account
- Go to OKX
- Sign up with email or mobile phone
- Complete KYC verification (takes 2-5 minutes)
Step 2: Fund Your OKX Account
Funding Your OKX Account
You can deposit crypto (BTC, ETH, USDT, etc.) or buy USDT directly with a bank card or Apple Pay. Minimum deposit is as low as $10. Transfers for most cryptos are near-instant, while fiat settlements can take a few minutes.
| Deposit Type | Min. Amount | Typical Speed |
|---|---|---|
| Crypto | $10 | ~5 minutes |
| Fiat | $10 | ~2-10 minutes |
💡 Pro Tip: Keep your deposit confirmations and never share your deposit TXID with strangers.
Step 3: Find & Trade the MEME/USDT Pair
Placing a MEME Trade on OKX
- Navigate to "Markets" > "Spot" and search for "MEME/USDT"
- Choose your order type (Market = fastest; Limit = choose your own price)
- Enter the amount to buy, click "Buy MEME"
- Orders settle instantly for market trades; limit orders may take longer
Mobile and desktop interfaces are nearly identical—perfect for flexible trading.
💡 Pro Tip: Consider using limit orders during volatile periods to avoid slippage.
Step 4: Withdraw to Your Crypto Wallet & Secure Your Tokens
Withdrawing & Securing Your MEME
- Withdraw MEME to your self-custody wallet (like OKX Wallet or MetaMask)
- Double-check wallet addresses; test with a small amount first
- Always enable 2FA for maximum security
💡 Pro Tip: Avoid keeping large balances in exchange hot wallets.
OKX stands out for rapid new meme coin listings, robust security, 24/7 customer support, and mobile-friendly UI—making meme coin trading fast, easy, and safe for everyone.
How Memecoin (MEME) Compares: Dogecoin, Shiba Inu & Other Meme Coins
To see where MEME fits among meme coins, let’s compare it to DOGE, SHIB, PEPE, and a top Solana meme coin (like BONK):
| Coin | Launch Year | Supply | Utility | Community Origin | OKX Listed? |
|---|---|---|---|---|---|
| DOGE | 2013 | Unlimited | Tipping, payment | Reddit/Dog meme | Yes |
| SHIB | 2020 | 999T | DEX, NFTs | Shiba Inu meme | Yes |
| PEPE | 2023 | 420.6T | None | Twitter/Pepe meme | Yes |
| BONK | 2022 | 93T | Solana DeFi/NFTs | Solana meme-lovers | Yes |
| MEME | 2023 | 69B | No utility | 9GAG/Memeland | Yes |
MEME is unique for openly embracing a "no utility" philosophy, whereas SHIB and BONK have branched out to DeFi and NFT integrations. DOGE focuses on tipping and internet culture, while PEPE is pure meme-fueled speculation. All are available to trade meme coins on OKX, which offers deep liquidity and a wide selection.
Staying Safe: Risks and Best Practices When Trading Meme Coins
Trading meme coins like MEME is fun—but also risky. Extreme volatility, scam tokens, and market manipulation are common in the space. Here's how to stay safe.
Red Flags: How to Identify a Scam Coin
- Anonymous or unverifiable teams
- Fake websites with typos or broken links
- "Too good to be true" promises and airdrops
- Low trading volume or no liquidity
- No listings on reputable exchanges
Always DYOR (Do Your Own Research). If a token doesn’t appear on OKX’s listing or major news hubs, be wary.
Security Features on OKX
OKX offers multi-layered security: 2FA, anti-phishing codes, withdrawal whitelists, and transparency via proof-of-reserves. The SAFU fund (Secure Asset Fund for Users) provides extra peace of mind for platform users. Make sure you:
- Enable 2FA and strong, unique passwords
- Only withdraw to secure, known wallets
- Never share your account details or seed phrases
💡 Pro Tip: If you’re new, start with small trades and never invest more than you can afford to lose.
The Memeland, 9GAG, and NFT Ecosystem
Memeland began as a spinoff from 9GAG, home to one of the internet’s largest meme-sharing communities. MEME’s launch was part of the Memeland ecosystem, which also includes NFT collections like Potatoz and Captainz.
Holding Memeland NFTs sometimes unlocks airdrops or rewards in MEEM. The blend of NFT culture, meme art, and viral token hype makes Memeland a web3 pioneer. Many see meme coin plus NFT integration as a new crypto trend that’s bringing fun—and risk—back to crypto markets.
OKX regularly features new NFT drops and community token events, helping fans of Memeland and meme culture access collectibles and join the movement.
Frequently Asked Questions
What is a memecoin?
A memecoin is a cryptocurrency inspired by internet memes, pop culture, or viral trends. Unlike traditional cryptos, memecoins typically have no real-world utility or roadmap. Their value comes from community hype and social media buzz.
Is MEME safe to invest in?
MEME, like other memecoins, is highly volatile and speculative. Check project legitimacy—team transparency, active community, and OKX' listing process help filter out many scams. Always invest wisely and be prepared for rapid swings.
How do I buy MEME on OKX?
Open an OKX account, verify your identity, deposit funds (fiat or crypto), search "MEME/USDT" in Spot Markets, and execute your trade. Afterward, consider withdrawing to your own wallet for added security. Register now at OKX.
Can I make my own memecoin?
Yes! Services like pump.fun and Solana tools let anyone create a meme token. It’s simple but not always legal in all regions. Beware scams—many meme coins are rug-pulls. Research rules in your country before launching.
What makes MEME different from Dogecoin or Shiba Inu?
While DOGE and SHIB added community initiatives and utility, MEME is built around pure meme culture and a "no utility" philosophy. MEME’s roots are firmly tied to 9GAG and internet viral trends.
Where can I find the latest memecoin news?
Major crypto sites (CoinGecko, CoinMarketCap), Twitter, Telegram, and the OKX News Hub are great sources for up-to-date memecoin news and project listings.
Conclusion
Memecoin is the ultimate expression of internet culture—fast-moving, community-driven, and filled with both risk and reward. Here’s what you need to remember:
- MEME price is highly volatile, swinging on social buzz and news events
- The project is rooted in 9GAG and meme culture, embracing "no utility, just memes"
- Always check tokenomics, unlocks, and major holders before investing
- Trade meme coins securely with OKX’s advanced tools and stay proactive about crypto security
The memecoin phenomenon is here to stay, but success depends on doing your own research and trading safely. Ready to join the meme revolution? Start trading MEME securely on OKX today!
Cryptocurrency trading involves risk and is not suitable for every investor. Never invest more than you can afford to lose. Secure your account and assets carefully.
