What makes a meme coin successful?

One of the people who helped to salvage the project, who goes only by B (in order, he says, to protect his financial privacy), claims the success or failure of a meme coin hinges on a capacity for storytelling and community-building. “Two things tend to be the most important: narrative and community,” he says.

Are meme coins a 'casinos'?

Meme coins have been roundly condemned in some sections of the crypto industry as “casinos” that make a mockery of the vision for crypto as the plumbing for an alternative financial system. Of the hundreds of these coins in circulation, most are no longer traded, or are traded in negligible volumes.

Are meme tokens rigged against the average investor?

For every winner, there must be a loser; the joke must come at somebody’s expense. There is an extent to which the game is rigged against the average investor from the start, says Ace, because by the time regular people catch wind of a new meme token, the peak has already passed.