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.
Context ∞ The discussion surrounding meme token utility is prominent in cryptocurrency news, particularly as market participants seek to identify sustainable projects amidst speculative trends. Projects attempting to add genuine functionality to meme tokens often generate significant interest, aiming to transition from pure novelty to viable digital assets. News reports frequently analyze whether new meme tokens possess a clear utility roadmap or remain primarily driven by social media influence.