A memecoin is a cryptocurrency that, like most cryptocurrencies, has no inherent value. It is created to represent an internet meme, and its value is tied very loosely to that meme’s popularity; you could think of it as like owning stock in, say, a knock-knock joke. The most famous memecoin is Dogecoin, which was boosted by Elon Musk and refers to an internet-famous dog.More recently, people have fixated on a coin called Hawk, as in “Hawk Tuah,” the meme of the year. The coin was created by a team of…
