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Cryptocurrencies:  7,796Markets:  33,528Market Cap:  $509,201,910,61824h Vol:  $181,647,311,674BTC Dominance:  62.2%
Meme

Meme (MEME)

$178.62 USD (-3.45%)
0.01046402 BTC (-2.90%)
0.34649619 ETH (-2.54%)
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  • Market Cap
    $5,001,225 USD
    292.99255624 BTC
    9,702 ETH
  • Volume (24h)
    $2,204,138 USD
    129.12755113 BTC
    4,276 ETH
  • Circulating Supply
    28,000 MEME
  • Total Supply
    28,000 MEME
  • Max Supply
    28,000 MEME

About Meme

Meme price today is $178.62 USD with a 24-hour trading volume of $2,204,138 USD. Meme is down 3.45% in the last 24 hours. The current CoinMarketCap ranking is #706, with a market cap of $5,001,225 USD. It has a circulating supply of 28,000 MEME coins and a max. supply of 28,000 MEME coins. The top exchanges for trading in Meme are currently OKEx, Bibox, BKEX, Hoo, and Uniswap (V2). You can find others listed on our crypto exchanges page.

What Is Meme (MEME)?

Meme (MEME) is a non-fungible token (NFT) on the Ethereum blockchain which has become synonymous with the rise of decentralized finance (DeFi).

Launched in August 2020, MEME is a tongue-in-cheek reaction to the rise of the DeFi token trading phenomenon and the multiple boom-and-bust cycles that it has sparked in its short existence.

The project ostensibly has no aim whatsoever other than to exist for its own sake. There is no associated company or business proposition, and MEME’s developers openly state that the token has no intrinsic value.

Who Are the Founders of Meme?

The indirect creator of MEME is Jordan Lyall, product lead for DeFi at Consensys. Lyall created what he called the Degenerator, a joke tool for launching new DeFi projects in minutes.

After posting his work, which poked fun at the ease at which DeFi tokens accrue value based on often dubious premises, the Degenerator itself ended up with its own token from another developer.

Since its launch in mid-August, MEME has grown to hit highs of $1,700 per token. Lyall himself has publicly warned prospective investors via the media not to buy the coin, given that its status was a joke and there was no underlying value proposition.

What Makes Meme Unique?

Perhaps MEME’s most recognizable unique feature is its lack of utility — it exists purely for investors to perform classic DeFi activities, and there is no project behind it to give it innate worth.

As with any meme, however, its popularity has become viral and interaction has therefore only increased. Intrinsic value, as such, is not a genuine consideration for investors.

The appeal of such a satirical project is likely heightened for DeFi investors who have grown used to earning passive income from tokens via yield farming and liquidity mining, regardless of what the tokens themselves are used for.

As such, MEME does not exist to turn a profit for its creator based on anything other than its own existence, and could disintegrate at any moment based purely on traders’ whims.

Learn more about Useless Ethereum Token here.

New to crypto? Find out all you need to know with Alexandria, CoinMarketCap’s dedicated education resource.

How Many Meme (MEME) Coins Are There in Circulation?

MEME has a fixed supply of 28,000 tokens, all of which are in circulation. This small supply is what has contributed to its relatively high market cap and token price, which as of September 2020 have peaked at $47.6 million and $1,700 respectively.

Little information is available about the future or any plans regarding the token, but given its status, it is likely that these also are secondary considerations for all parties involved.

For the meantime, activities beyond financial include earning collectible MEME cards for token holders, notionally unique as part of MEME’s status as a non-fungible token (NFT).

How Is the Meme Network Secured?

MEME presents the same basic risks to transacting parties as any smart contract-based platform. Locking up funds in smart contracts, particularly when a project is unaudited, implies an inherent risk of loss or theft.

Mostly, however, security is not as big a risk as the nature of MEME itself, as it lacks a real-world use case beyond satire.

Where Can You Buy Meme (MEME)?

The main trading source for MEME is automated market maker (AMM) Uniswap’s Wrapped Ether (WETH) pair.

Other venues include fellow AMM Balancer, as well as traditional exchanges such as Poloniex and Hotbit.

Interested in knowing how to buy Bitcoin (BTC) or any other cryptocurrency? Get all the details here.

Meme Price Today
Meme Price$178.62 USD
24 Hour High / Low
$198.70 USD /
$172.37 USD
24 Hour Volume$2,204,138 USD
Market Cap$5,001,225 USD
Market Rank#706
Yesterday's Meme Price
Yesterday's High / Low
$217.03 USD /
$177.93 USD
Yesterday's Open / Close
$213.53 USD /
$186.86 USD
Yesterday's Change$-26.67 USD (-12.49%)
Yesterday's Volume$3,166,860 USD
Historic Meme Price
7 Day High / Low
$270.51 USD /
$171.97 USD
30 Day High / Low
$270.51 USD /
$126.85 USD
90 Day High / Low
$1,605.37 USD /
$61.78 USD
52 Week High / Low
$1,614.61 USD /
$12.35 USD
All Time High
$1,614.61 USD
(Sep 23, 2020)
All Time Low
$12.35 USD
(Aug 16, 2020)
Meme ROI
1,145.78%
Meme Supply Details
Circulating Supply28,000 MEME
Total Supply28,000 MEME
Max Supply28,000 MEME
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