Deep Dive
1. No Utility or Roadmap (2 Nov 2023)
Overview: The official Memecoin whitepaper, last updated over two years ago, clearly states that the MEME token is designed without any utility, roadmap, or promise of future development. This foundational document frames the project as purely for entertainment.
The whitepaper is explicit: "MEME has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend. There is no roadmap and there is no promise or expectation that any ecosystem will even be developed for MEME." This establishes that active codebase development is not part of the project's premise or commitment.
What this means: This is neutral for MEME because it sets clear, long-standing expectations. The token's value is driven entirely by community sentiment and market speculation, not by technological upgrades or new features. There is no expectation for faster transactions or improved security because the project was never built to provide them.
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2. Recent Token Supply Unlock (3 Nov 2025)
Overview: In early November 2025, a scheduled release of 3.45 billion MEME tokens (5% of total supply) occurred. This was a tokenomic event, not a software update, with the unlocked supply retained by the team for community airdrops.
This event was part of the token's pre-defined distribution schedule. News coverage categorized it alongside other project unlocks that could affect market volatility due to increased circulating supply, but it did not involve changes to the smart contract, protocol, or any underlying technology.
What this means: This is bearish for MEME in the short term because it increased the available token supply, which can create selling pressure if distributed holders decide to sell. However, it does not change the token's functionality or user experience, as no code was modified.
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Conclusion
Memecoin's development trajectory remains intentionally static, with its whitepaper disavowing utility and recent activity limited to token supply events rather than code improvements. Given this, does the token's market performance rely solely on broader memecoin trend cycles?