PANews reported on February 9 that according to the Global Times, the Indian Express published an article titled "Dogecoin is no longer a "joke currency"", which pointed out that two software engineers launched a cryptocurrency in 2013 - "Dogecoin" (a virtual currency with a dog emoji package). Its appearance means the fusion of memes (emoji packages) and Bitcoin, and also marks the birth of meme coins. What the engineers did not expect was that in addition to being a joke, "Dogecoin" later became a commonly used online trading currency. American billionaire Elon Musk expressed his support for it in 2023, and then the valuation of "Dogecoin" soared. As of January 2025, its market value has reached tens of billions of dollars.
Under the influence of celebrity and other factors, various meme coins (emoji coins) have flourished. US President Trump launched his own meme coin, which was printed with his photo and slogan "Fight, Fight, Fight", which attracted public attention and its market value soared to billions of dollars. As a public figure, Trump was criticized by many for being reckless - the meme coin market is volatile, and in the absence of effective supervision, the market has no complete protection mechanism, and investors are at risk of suffering huge property losses.
With such high volatility and high risk, why are there so many people flocking to memecoins and investing crazily? Research by JPMorgan Chase Group shows that over the past decade, the proportion of people under 40 who invest their monthly personal income has more than tripled. However, the financial system has certain thresholds, and there are many industry concepts and terms, which are not very friendly to less experienced investors. Cryptocurrency does not have this problem. At the same time, its ability to quickly see returns has further attracted people to invest. Although the memecoin market is hot, it remains to be seen how far it can go in the future. Relevant regulatory agencies should introduce corresponding policies to regulate various cryptocurrencies. At the same time, investors should also further learn and understand financial instruments to avoid investment risks.
