What are Memecoins? (Simple Explanation) Memecoins are cryptocurrencies that originated from internet jokes, memes, or viral trends rather than for serious technical purposes. Unlike Bitcoin (BTC), Ethereum (ETH), or Sol (SOL), memecoins typically don't focus on solving major problems. Their prices are primarily determined by community support, social media buzz, and market trends. Memecoins are extremely volatile, and their supply is usually very large. Traders are attracted to memecoins because of the potential for quick profits, but this also comes with significant risks. #Meme #Concept