In the up and down world of cryptocurrency, so-called meme coins are perhaps the most bewildering.

The joke-inspired digital currency is all over the Internet, with new tokens popping up every day by the thousands.

The value of some has jumped into the millions of dollars, thanks to viral trends or celebrity endorsements.

But most never take off, crash,

or disappear. So just what is a meme coin? Economics correspondent Paul Salman explains.

I will break down the three most common meme coin trading scenarios. Curious about meme coins?

Just check out some how-toes on YouTube. In this video, I'm going to take you behind the scenes as I trade meme coins.

Eight meme coins under $1 that I believe have huge potential in 2025.

If I don't make $1,000 trading crypto meme coins in the next 24 hours,

I'm going to give this $10,000 Rolex to one of you. More than $40,000 trading crypto meme coins in the next 24 hours. I'm going to give this $10,000 Rolex to one of you.

More than 40,000 meme coins are created online per day,

inspired by online memes or trending events.

The most valuable meme coin, Doge coin.

touted by Elon Musk, it has a total market value of more than $20 billion.

It was created more than 10 years ago by someone who was trying to parody the kind of get-rich

quick attitude that he felt was already prevalent in cryptocurrencies.

So, says investigative reporter Zeke Fox, a joke. People liked the joke and then

signaled their liking of the joke by buying Dogecoin. When Elon Musk started talking about the

joke, that really got it going for a while, people became familiar with this idea that internet

jokes could become vehicles for gambling.

Fun gambling, says MIT's Nahanarula, who teaches and consults on crypto.

I almost would think of it more like a game than a joke.

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