Definition ∞ Meme tokens are cryptocurrencies that originate from internet memes, jokes, or cultural phenomena, often lacking substantial underlying utility or technological innovation. Their value is primarily driven by social media hype, community sentiment, and speculative trading. These tokens can experience rapid price fluctuations. They represent a highly speculative segment of the digital asset market.
Context ∞ The discussion surrounding meme tokens often highlights their volatile nature and the significant risks associated with their trading. While some have achieved considerable market capitalization, their long-term viability remains a subject of debate. News reports frequently cover the sudden surges and crashes of these assets, underscoring the speculative dynamics that define this market niche.
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