Mon 25 Nov 2024 ▪
3
min reading ▪ by
Evans S.
Memecoins, these tokens often inspired by jokes or memes, are no longer simple curiosities in the crypto universe. They are becoming true cultural phenomena, largely thanks to TikTok, the favorite network of Generation Z. This platform, once dedicated to dances and challenges, is today a springboard for the most unexpected financial trends.
A social phenomenon above all
Behind the rise of memecoins lies a social and technological dynamic. Young people, often suspicious of traditional financial institutions, see these tokens as an opportunity to challenge norms. On TikTok, viral videos are turning memes into prized assets, as evidenced by rising memecoin star CHILLGUY.
In just two months, this token based on a popular TikTok meme has seen a spectacular rise, reaching an increase of 482,260%. It’s not just a number: it’s a sign that the attention economy, fueled by social media, can propel digital assets to unprecedented heights. But CHILLGUY’s limited liquidity reminds us that risk remains omnipresent in this effervescent market.
TikTok, catalyst of the memecoin revolution
Why TikTok? Because it is the ideal playground to captivate a young and massive audience. Unlike X (formerly Twitter), which focuses on a more technical crypto community, TikTok offers a diverse audience hungry for engaging content.
Creators like Pump.Fun, experts in making viral memecoins, are harnessing this power. Result: millions of young people discover, share and invest, often with disconcerting ease.
This strategy is not lost on experts. Suki Yang, founder of LMAO, emphasizes the key role of viral videos in the rapid diffusion of tokens.
Generation Z’s quest for financial independence, combined with their ability to embrace digital trends, is shaping a market where memecoins are no longer mere jokes: they become symbols of a new economy.
In a world in search of new financial perspectives, memecoins show that crypto, far from being limited to classic transactions, is also a reflection of cultural and generational aspirations. It remains to be seen whether this trend will last the distance or disappear as quickly as it appeared. Meanwhile, Asia’s largest digital bank opens the doors to crypto trading.
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Evans S.
Fascinated by bitcoin since 2017, Evariste has continued to research the subject. If his first interest was in trading, he is now actively trying to understand all the advances centered on cryptocurrencies. As an editor, he aspires to continually deliver high-quality work that reflects the state of the industry as a whole.
