Meme coins are a type of cryptocurrency that often gain popularity through social media and internet culture rather than technological innovation or utility. They are typically created as jokes or parodies, with names and branding inspired by memes, such as Dogecoin and Shiba Inu. These coins can experience rapid price fluctuations based on trends and community engagement. Investors are drawn to meme coins for their potential high returns, but they also carry significant risks due to their volatility and lack of fundamental value. Many meme coins rely on community support and hype, making them susceptible to sudden price drops when interest wanes.