[{"type":"paragraph","children":[{"text":"These past few days brought a wild headline: the first U.S. Dogecoin ETF was approved for listing—almost unbelievable. As the onetime synonym for “memecoin” and the personification of internet-driven narratives, many people still associate Dogecoin—and memecoins in general—with “high risk and high return.” Yet in just a few short years, Dogecoin has begun moving into the mainstream. That’s nothing short of a minor miracle."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Behind the approval of a Dogecoin ETF is a clear signal: memecoins have become an undeniable, phenomenon-level sector. Whether you love them or hate them, they’ve risen. This guide starts from first principles to explain:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"What exactly is a memecoin?"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"How did it emerge and evolve?"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Why does it ignite markets again and again?"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Where are the risks—and the opportunities?"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"If you’re new and want to participate, what should you watch out for?\n"}]}]}]},{"type":"heading-two","children":[{"text":"What Is a Memecoin, and Where Did It Come From?"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"“Memecoin” combines meme (internet joke/cultural trope) + coin (token). In short, it’s a class of cryptoassets whose core is internet culture and community consensus, not technical breakthroughs or sophisticated financial design. Unlike Bitcoin or Ethereum, which carry grand narratives and clear utility, a memecoin’s value is driven far more by social resonance, community heat, and cultural propagation."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Its story starts with Dogecoin (DOGE) in 2013. Two programmers, just for laughs, turned a Shiba Inu meme into a coin—and it unexpectedly went viral worldwide, even getting repeated shout-outs from Tesla CEO Elon Musk. This demonstrated that:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Memecoins didn’t get big because of “technology,” but because of culture and emotion."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Their growth path mirrors internet memes: virality through social platforms."}]}]}]},{"type":"paragraph","children":[{"text":"In essence, a memecoin is a community-driven digital asset born from meme culture."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"A Brief History of Memecoins"}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"Phase 1: The Birth of Dogecoin (2013–2017)"}]},{"type":"paragraph","children":[{"text":"Dogecoin began as a joke and accidentally became one of the best-known coins outside Bitcoin. It showed that crypto can be a cultural symbol, not just a financial instrument. In this period, memecoins were viewed as “for fun,” but the seeds for a later boom were planted."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"Phase 2: DeFi + Meme (2018–2020)"}]},{"type":"paragraph","children":[{"text":"As Ethereum matured, new tokens began blending memes with DeFi mechanics. Shiba Inu (SHIB) is a hallmark example: meme appeal with a broader ecosystem. Memecoins shifted from “pure jokes” to experiments with financial features."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"Phase 3: The Big Bang (2021–present)"}]},{"type":"paragraph","children":[{"text":"A bull-market mood pushed memecoins into mass culture:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"SHIB soared by tens of thousands of percent, minting rags-to-riches legends."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Elon Musk’s tweets repeatedly catapulted DOGE into the top-10 by market cap."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"New names like PEPE and BONK dominated social feeds."}]}]}]},{"type":"paragraph","children":[{"text":"By this point, memecoins weren’t niche—they’d become a major on-ramp for crypto liquidity and users."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"How Memecoins Work"}]},{"type":"paragraph","children":[{"text":"Beneath the surface, memecoins are just code. But what truly drives their price and reach is a system built from community, culture, speculation, and narrative."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"1) Community Consensus: The Soul of a Meme"}]},{"type":"paragraph","children":[{"text":"With memecoins, no community = no value. Technical barriers are low—many tokens can be launched in hours or minutes—so what determines breakout potential is whether a community treats it as a shared belief and spreads it."}]},{"type":"paragraph","children":[{"text":"Winning community traits often include:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Hyperactive social channels (X/Twitter, Reddit, Telegram)."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Endless user-generated content (memes, shorts, edits) that virally propagate."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Grassroots storytelling: retail over institutions, “underdog wins.”"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Ride-or-die mentality: even after a 50% drawdown, holders chant HODL."}]}]}]},{"type":"paragraph","children":[{"text":"Value lies in the community, and the community’s value lies in resonance."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"2) Cultural Symbols: From Shiba to Frog"}]},{"type":"paragraph","children":[{"text":"Memes are cultural expression. Shiba dogs, frogs, monkeys, cats—these icons are core to internet culture. Coupled with tokens, they gain both financial and social meaning."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Shiba (DOGE/SHIB): early crypto humor and irreverence."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Pepe the Frog (PEPE): a classic internet meme turned financial avatar."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Countless other mascots drive new viral waves."}]}]}]},{"type":"paragraph","children":[{"text":"People might not parse a consensus algorithm, but everyone “gets” a cute dog or an iconic frog. Cultural symbols become the strongest viral engine."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"3) Liquidity & Speculation: A Game of Surges and Dumps"}]},{"type":"paragraph","children":[{"text":"Most memes launch simply:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Team issues a token,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Seeds a DEX liquidity pool,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Lets the community run with it."}]}]}]},{"type":"paragraph","children":[{"text":"The result: extreme speculation. Prices can multiply in hours—and crater just as fast. That volatility is the draw. A few hundred dollars can become a fortune—or go to zero overnight."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"4) Narrative & Sentiment: The Weather Vane"}]},{"type":"paragraph","children":[{"text":"Unlike upgrades or protocol shifts that add fundamental value, memecoins move on stories and mood:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Celebrity effect: one Musk “to the moon” post can rip DOGE higher."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Topical hooks: timely jokes or stunts spark FOMO."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Rival narratives: “SHIB flips DOGE” stokes attention and engagement."}]}]}]},{"type":"paragraph","children":[{"text":"When risk appetite is high, memes typically lead the pump; when the market sours, they’re first to slump."}]},{"type":"paragraph","children":[{"text":"In short:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Community is the engine,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Culture is the fuel,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Speculation is the flame,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Narrative and sentiment set the wind."}]}]}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Market Characteristics of Memecoins"}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"1) Extreme Volatility"}]},{"type":"paragraph","children":[{"text":"PEPE’s multi-thousand-percent launch moves sit alongside countless copycats that go to zero. Drivers include:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Retail-heavy flows, unstable capital,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Bursts of concentrated volume,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"No fundamentals—pure order flow and mood."}]}]}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"2) High Risk, High Reward"}]},{"type":"paragraph","children":[{"text":"No P/E ratios or cash flows here. With no intrinsic anchor, moves exceed norms. That uncertainty is the appeal—and the trap."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"3) Supercharged Virality"}]},{"type":"paragraph","children":[{"text":"Memecoins are native to social platforms:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"X/Twitter hashtags (#DOGE, #PEPE) trend often,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"TikTok shorts make them pop fodder,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Reddit fuels meme-on-meme engagement."}]}]}]},{"type":"paragraph","children":[{"text":"Paid ads aren’t necessary—users themselves are the growth engine."}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"4) Low Barrier to Entry"}]},{"type":"paragraph","children":[{"text":"Memes often have tiny unit prices:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Psychology: “I can’t afford 1 BTC, but I can buy millions of SHIB.”"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Accessibility: $10 can create a sense of participation."}]}]}]},{"type":"heading-three","children":[{"text":""}]},{"type":"heading-three","children":[{"text":"5) Entertainment Value"}]},{"type":"paragraph","children":[{"text":"Beyond investing, memecoins are social entertainment:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"“To the moon” memes,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Bragging about “diamond hands,”"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Treating PnL swings like inside jokes."}]}]}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Memecoin Glossary"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Meme: A widely shared internet joke/cultural motif; the root of “memecoin.”"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Memecoin: A token centered on meme culture (e.g., DOGE, PEPE)."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Dogecoin (DOGE): The original memecoin; Shiba meme; from joke to blue-chip meme."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Shiba Inu (SHIB): The “Dogecoin killer”; massive supply, community-driven."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"PEPE: Token themed on the Pepe the Frog meme; exploded in 2023."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Community Consensus: The primary value driver—engagement and participation."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Liquidity Pool: DEX pool enabling trading."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Pump and Dump: Coordinated hype then mass sell-off."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"HODL: Misspelling of “hold,” now meaning long-term holding through volatility."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"FOMO: Fear of missing out; meme markets thrive on it."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Rug Pull: Team removes liquidity or absconds with funds."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Whale: Large holder capable of moving price."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Viral Marketing: Social-first, user-driven distribution."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Tokenomics: Supply/distribution design; even simple memes are affected by it."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Gas Fee: On-chain transaction fee; often spikes during meme frenzies."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Volatility: The hallmark of memecoins—violent swings."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Narrative: The story that directs attention and flows (“dog culture,” anti-elite, etc.)."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Exit Liquidity: Latecomers who buy the top as earlier holders sell."}]}]}]},{"type":"heading-two","children":[{"text":"Ju.Com & Memecoins"}]},{"type":"paragraph","children":[{"text":"As a leading global crypto platform, Ju.Com offers a secure, transparent, and convenient trading experience:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Trading pairs for major memes (DOGE, SHIB, PEPE, etc.),"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Beginner-friendly tutorials to understand risks and operations,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Robust risk controls to reduce rug-pull exposure,"}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Lively community campaigns to learn the cultural side of memes."}]}]}]},{"type":"paragraph","children":[{"text":"Ju.Com believes memecoins are more than speculation—they’re a vital cultural phenomenon in Web3. We’ll keep building products and services around the meme ecosystem."}]},{"type":"heading-two","children":[{"text":""}]},{"type":"heading-two","children":[{"text":"Final Thoughts"}]},{"type":"paragraph","children":[{"text":"Memecoins are the most distinctive corner of crypto—equal parts absurd and electric, perilous yet opportunity-rich. They’ve made some people financially free and wiped others out. But they’ve undeniably introduced millions to blockchain."}]},{"type":"paragraph","children":[{"text":"For everyday users:"}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Stay rational; participate cautiously."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Don’t go all-in on memes."}]}]},{"type":"list-item","children":[{"type":"paragraph","children":[{"text":"Treat memecoins as a Web3 cultural experience, not your only investment."}]}]}]},{"type":"paragraph","children":[{"text":"In the vast crypto universe, memecoins may be just small stars—but their sparkle has guided countless newcomers toward their first steps in Web3."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"JuExchange","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Memecoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"finance","children":[{"text":""}]},{"text":" "}]}]