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Are they good? Are they bad? Are they culturally significant?

You decide!

Whatever you think, they are having their moment right now..

The ETH eft approval was really good for one thing.. ETHs favourite memecoin PEPE.

The famous frog meme that has now become the third-largest memecoin ever, with $6 billion market cap. Pepe is up over 100% this month and over 1100% year-to-date and has changed the way we look at memecoins and their potential as a cultural symbol and asset.

This week has been the week for celebrity memecoins, all launching on Solana.

Caitlyn Jenner launched her $Jenner token in a very political adjacent way on X, it pumped to over a hundred million dollar market cap before controversially the Jenner team had to announce they been internally rugged. Oops.

Iggy Azalea launches her token $MOTHER in a bold display of her best assets🍑, $MOTHER is currently sitting at a $80 million market cap. We love to see it.

This month we’re talking Memecoins, and to do that we’re holding an unbiased debate about the role that they play in the crypto ecosystem, with one side for and one against.

If you want to join us and see what each side has to say you can here.

Memecoins have become a significant talking point of this cycle due to their unique combination of internet culture, relevance to the moment, sense of humour, and of course community engagement. They show how tokenisation can be done in a fun and accessible way, serving as a testing ground for new ideas and help drive adoption of crypto.

They challenge traditional norms and question what we consider modern value by leveraging the virality of internet culture and memes, creating a strong sense of connection and identity, also provides tonnes of entertainment alongside the potential for massive financial gains (and losses.)

Meme coins have influenced the financial markets by demonstrating the power of decentralised communities and the impact of social media on asset valuation. This is reflected trends and societal sentiments, which makes for a cultural phenomenon that extends beyond the token itself.

Remember to always DYOR, this is not investment advice.

PEPE: Based on the Pepe the Frog meme, this coin used its humorous and irreverent approach to gain traction in the cryptocurrency market. They created a community around the virality of the Pepe meme, drawing in users beyond traditional crypto enthusiasts.

Dogecoin (DOGE): One of the earliest and most well-known memecoins, Created in 2013 as a joke based on the Shiba Inu "Doge" meme, Dogecoin which gained mainstream attention after famously being endorsed by Elon Musk calling it “the people’s crypto.” Dogecoin has maintained a strong community and cultural relevance through its playful and light-hearted approach to crypto.

$ENJOY: a memecoin on the Zora network. It's "the first tradable ERC-20 token on Zora Network, is reshaping onchain media creation and curation by enabling the easy rewarding of enjoyable onchain content." It's formed as a creative concept rather than a defined meme, with no specific character or template. The only requirement is to incorporate the word "enjoy/enjoyooor" or the logo.

DEGEN: DEGEN is a memecoin from the Farcaster network, which is well known for its community approach and fair distribution. It has gained popularity due to the launch of Degen Chain, a low-cost Layer-3 blockchain serving as a hub for meme coins. DEGEN's growth is fueled by active community engagement and speculative demand.

BONK: Launched in December 2022 as a response to the FTX collapse, BONK aimed to restore trust in the Solana ecosystem by airdropping half of its supply to the community. It has become the largest Solana memecoin with a market cap exceeding $739 million

Dogwifhat (WIF): Started from a picture of a Shiba Inu literally with a pink knitted hat on (Dog wif hat). WIF surged in popularity in late 2023, achieving an all-time high of $0.53 after being listed on major exchanges. The hat stays on.

Samoyedcoin (SAMO): One of the earliest memecoins on Solana, SAMO is themed around the Samoyed dog breed. It provides features like Samo Swap and NFT lending, making it a gateway to the Solana ecosystem.

Jeo Boden (BODEN): Inspired by U.S. President Joe Biden, Jeo Boden is a political parody token on the Solana. Aimed to blend political satire with crypto. The token has achieved significant market traction, reaching a $250 million market cap shortly after its launch.

MAGA (TRUMP): Named after Donald Trump's "Make America Great Again" campaign slogan, the MAGA token leverages Trump's political influence and his supporters' enthusiasm. Its value and popularity have shown fluctuations in response to Trump's political fortunes, particularly during the presidential primaries.

ElonRWA (ELONRWA): Although not actually political, this memecoin plays on Elon’s polarising persona, intertwining with his political statements and actions. Said to bridge the gap between digital tokens and RWAs.

Pepe Uwu: Political and social satire through the Pepe the Frog meme. It serves as a vessel for expressing various political sentiments and social commentaries within the crypto community

Shiba Inu (SHIB): Launched in 2020 as an experiment in decentralized community building, Shiba Inu quickly became known as the "Dogecoin Killer" due to its large following and robust ecosystem.

SafeMoon (SAFEMOON): Introduced in 2021, SafeMoon rewards long-term holders through automatic liquidity pool generation and static rewards, attracting significant attention soon after its launch.

Floki Inu (FLOKI): Named after Elon Musk’s dog, Floki Inu aims to combine meme popularity with tangible utility through projects like an NFT marketplace and an educational platform.

Just to name a few...

Have you ever dreamt of an organised list of different Blockchain businesses? I know I have 🙋🏼‍♀️

I’m always finding amazing use cases and businesses that utilise Blockchain, usually while listening to a podcast or reading / researching and then… 😬 quite literally 20 minutes later I’ve totally forgotten the name.

We know how much the ATB community likes to learn about new projects in the Blockchain / Crypto space to help while you build/invest/learn.

So we saw this as an opportunity to create a free resource: The ATB Utility Hub! This is a database full of Blockchain businesses/projects that are sorted by their industry and best bit its constantly getting updated and added to..

You can get access to the ATB Utility Hub (for FREE) here!

More than 80 people from our community came together to celebrate Bitcoin Pizza Day with us, by enjoying a slice of pizza and plenty of fun. Massive shout out to the Bitget team and our community for a memorable night. Many more to come!!

Our next meet-up will be held this Wednesday, the 5th of June.

Stables launched in February 2021 and has swiftly become a prominent player in the digital wallet arena, providing users with the seamless ability to spend, send, and earn stablecoins, all conveniently managed on a single balance.

With solid backing from leading global venture capitalists, Stables has curated an exceptional team spanning Strategy, Product, Technology, and Research.

🚀 Pioneering the way in digital wallet innovation
🌐 Backed by renowned global VCs
🌈 Stellar Team in Strategy, Product, Technology, and Research

Thanks to Stables for their significant contributions!

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This Newsletter was written for All Thing Blockchain (ATB) by Jess de Haas.

The information in this newsletter is for educational purposes only, it is not investment advice.