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Meme Token Utility

Definition

Meme token utility refers to the practical applications or functions that a meme-based cryptocurrency possesses beyond speculative trading or community sentiment. Initially, many meme tokens lacked inherent purpose, relying solely on social media trends for value. However, some projects endeavor to integrate features like staking, governance rights, or use within decentralized applications to provide tangible value. This distinction helps differentiate projects with longevity from those purely driven by hype.