Deep Dive
1. No Utility Declaration (2023)
Overview: MEME’s whitepaper explicitly disclaims any technical functionality, roadmap, or developer commitments.
The token is designed as a pure meme asset with no smart contract upgrades, governance mechanisms, or ecosystem tools. Its whitepaper states: “MEME is completely useless and for entertainment purposes only”, emphasizing no obligations for technical development.
What this means: This is neutral for MEME because it aligns with its identity as a community-driven meme token. Investors should expect no protocol improvements or utility additions.
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2. Token Unlock Event (3 Nov 2025)
Overview: 3.45B MEME tokens (5% of supply) were released on 3 November 2025 for airdrops.
The unlock involved no code modifications, as MEME operates on Ethereum’s ERC-20 standard without custom smart contract logic. The team retained tokens for distribution, reflecting passive tokenomics.
What this means: This is bearish for MEME because increased circulating supply could pressure prices, though the lack of technical dependency minimizes network risks.
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3. Exchange Listings (2025)
Overview: MEME was added to Binance’s “MEME内盘” in October 2025, a tiered liquidity system for meme coins.
The listing required no codebase changes, as MEME relies on existing ERC-20 infrastructure. Binance’s criteria focused on liquidity ($200K+) and market cap ($1M+), not technical merit.
What this means: This is bullish for MEME because improved exchange access boosts trading volume, though it doesn’t reflect technical progress.
(Source)
Conclusion
MEME remains a meme-first project with no active codebase development, consistent with its “no utility” ethos. Recent updates center on market access and token distribution rather than technical innovation. How might MEME’s lack of protocol evolution impact its sustainability in a utility-driven crypto landscape?