The state of memecoins right now is: You log on to Twitter and see a teenager livestreaming his mother seductively dancing in front of the camera to pump a token dubbed $LIVEMOM.<\/p>\n
That happened not even a week ago. But that\u2019s far from all.<\/p>\n
The term \u201cmeme\u201d was coined by evolutionary biologist Richard Dawkins to define a unit of culture. Memecoins, in some ways, are the pinnacle of the concept, as they\u2019re a unit of internet culture you can also own and trade.<\/p>\n
And with the arrival of platforms like pump.fun<\/a>, anybody can push out these tokens in minutes. Combine the already irreverent nature of memes with the ability to permissionlessly create meme-related tokens, and pretty bizarre moments will inevitably follow.<\/p>\n Here are some of the top crazy moments in memecoins.<\/p>\n Who let the doge out?<\/p>\n Fans of OG memecoin, Dogecoin, took their enthusiasm for the Kabosu dog to the next level and worked with authorities in Japan to erect a monument in tribute to their community\u2019s canine idol.<\/p>\n Located in the city of Sakura, Japan, the tribute shows a Kabosu dog lying on a sofa with its paws crossed, much like the Dogecoin image, accompanied by a trio of cats\u2013likely a tribute to cat culture, which also pervades the digital world.<\/p>\n The monument came to \u201cfurrition\u201d last year on Nov. 2, when fans celebrated Doge\u2019s birthday.<\/p>\n Doge, which was launched in 2013, has become a staple of the irreverence of the crypto community, gaining traction when renowned internet troll and billionaire Elon Musk began spreading the dog-inspired gospel.<\/p>\n In an absurd yet entertaining turn of events, Musk purchased Twitter\u2013renaming it to X\u2013and briefly changed the classic blue bird logo to one depicting Doge. At one point, Musk\u2019s Twitter bio said he was the former Dogecoin CEO.<\/p>\n Musk has caught flak over his unwavering support of Doge, and he was sued in a class-action lawsuit for market manipulation \u2013 Musk\u2019s tweets have pushed the price of Doge up more than once.<\/p>\n Doge is now the 10-largest cryptocurrency with a market capitalization of $21 billion.<\/p>\n Definitely not a number to bark at.<\/p>\n Washington, D.C.\u2019s political class has not been spared by Solana memecoin creators.<\/p>\n And with 2024 being an election year, it seems political memecoins are in for a wild ride<\/a>.<\/p>\n One token that has far exceeded anybody\u2019s expectations is Jeo Boden \u2013 a parody of the sitting U.S. President, Joe Biden.<\/p>\n “Boden the 46th pres of soluna. His jeb is te m\u00e4k three hundred trillion million billion dollars,\u201d developers wrote on the token\u2019s official website after its March 9 launch.<\/p>\n Boden has seen wild success. It briefly surpassed the $1 mark, although it has since dropped 70% to $0.30. The token\u2019s market cap is still a whopping $212 million, down from its peak of $665 million.<\/p>\n But Boden is only one of a plethora of politically charged tokens.<\/p>\n One of the staunchest crypto adversaries, Senator Elizabeth Warren, saw her token launch under the ticker \u201cWhoren,\u201d as did famed political commentator Tucker Carlson with \u201ctooker kurlson.\u201d Former White House resident Donald Trump was also thrown into the mix with \u201cdoland tremp.\u201d<\/p>\n Other famous figures also got the memecoin treatment. \u201cOlen Mosk\u201d was spawned, as was \u201cDrek\u201d in a tip of the hat to musician Drake, and Mona \u2013 a meme rendering of the Mona Lisa.<\/p>\n The list is endless.<\/p>\n The most recent rug pull is straight out of a David Copperfield show.<\/p>\n A man created a token called \u201cNo Hands No Rug\u201d with the ticker $HANDS. He posed on camera<\/a> with a sign under his chin that read, \u201cI have no hands, I can\u2019t do a rug pull.\u201d<\/p>\n But when the token peaked, he pulled his hands out from behind his back and sold 67 million HANDS for 7 SOL, pocketing $1,050.<\/p>\n Most thought he had no hands, but in reality, he was packing one big ace up his sleeve.<\/p>\n As the summer doldrums waged on, bored traders resorted to betting on animal races towards the end of July 2023.<\/p>\n The most famous pastime for degenerate crypto gamblers was HamstersGG<\/a>, where users could bet on the outcome of pre-recorded races between unfortunate rodents. Thousands of players took part in a game in which the winners split 95% of the wagered funds, with HamstersGG taking a 5% cut.<\/p>\n As expected, degen crypto punters were inspired to create an entire category of animal racing tokens on CoinGecko. These included the Rabbits Club, Snails Race, and Rat Roulette, although at the time, HamstersGG \u2013 which was purportedly a rug pull \u2013 accounted for 85% of the sector\u2019s market cap.<\/p>\n Some were fast, while others were \u201cwheel-y\u201d slow.<\/p>\n Here\u2019s a twisted take on some mother-son bonding.<\/p>\n A teenager and his scantily-clad mother begged viewers on a livestream to buy their memecoin called LIVEMOM as she suggestively showed off her figure.<\/p>\n Mother and child urged viewers to \u201crun up\u201d their token, promising degrading and perverted activities at different market cap milestones. These included eating dog food if the market cap reached $200,000 or the boy pouring milk on his mother\u2019s breasts if it reached half a million.<\/p>\n The top gag was shaving the boy\u2019s head if degen traders pushed LIVEMOM\u2019s market cap to $2 million market cap.<\/p>\n However, the pair abruptly terminated the live stream, and the token subsequently crashed.<\/p>\n Only two days after the LIVEMOM livestream, several copycats popped up, including LIVESIS<\/a>.<\/p>\n But this took it a step further than LIVEMOM.<\/p>\n As the token tagged $100,000, the brother took his alleged sister\u2019s bra off, played the crypto-classic tune, \u201cPump It Up,\u201d and proceeded to dump his entire bag on screen.<\/p>\n It all stays in the family, right?<\/p>\n Memecoin mania was well underway when some less savory tokens surfaced.<\/p>\n Some of these included derogatory terms and symbols based on race and religion, as well as other hateful language, forcing<\/a> the platform DEX Screener, a real-time DeFi token analytics platform, to review its token profile moderation policy.<\/p>\n Racist tokens underscore a peculiar situation in the crypto ecosystem. On one hand, they shine a light on a dark underbelly, with people interested in creating and buying these types of tokens. Meanwhile, they show the permissionless nature of open blockchains and the fact that the technology enables the freedom to create anything a developer or user wants \u2013 for good or bad.<\/p>\n DogWifHat might be the darling memecoin of this cycle, characterized by a cute dog in an orange beanie.<\/p>\n Its community is diehard. Fans raised a whopping $690,000 to put the meme on the famous Las Vegas sphere, a feat that still hasn\u2019t come to fruition, however.<\/p>\n But it remains among the top 50 largest cryptocurrencies with a market cap of $3.5 billion \u2014 not bad for a token that didn\u2019t exist a year ago and whose only utility is being meme-ably cute!<\/p>\n Just more proof of the staying power of memes in crypto culture.<\/p>\n Bizarre moments in crypto are not reserved for the memecoin sector. We have compiled a few of them here.<\/p>\n Wingardium Bitcoinosa!<\/p>\n Famed Harry Potter author J.K. Rowling caught the brunt of bitcoiners\u2019 wrath in May 2020 when she posted<\/a> on X, \u201cI don\u2019t understand Bitcoin. Please explain it to me.\u201d<\/p>\n Big mistake.<\/p>\n As expected, Bitcoiners descended on her like Voldemort\u2019s Death Eaters, berating Rowling for not understanding it straight away.<\/p>\n It wasn\u2019t all bad, though.<\/p>\n The account Bitcoin posted \u201cWizards still need to trust Gringotts Bank [in reference to the goblin-run financial institution that holds most of the wizarding world\u2019s gold]. Bitcoin fixes this.\u201d<\/p>\n Other Bitcoiners got creative and created the \u201cMuggle\u2019s Guide to Bitcoin<\/a>\u201d in reference to non-wizarding people (dubbed muggles in the book series), weaving the wizarding world with Nakamoto\u2019s creation.<\/p>\n But the flood of responses became too overwhelming, and the author decided to drop out of the conversation with: \u201cThis started as a joke, but now I\u2019m afraid I\u2019ll never be able to log in to Twitter again without someone getting angry I don\u2019t own Bitcoin. One day, you\u2019ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.\u201d<\/p>\n One of Sam Bankman-Fried\u2019s claims to fame is how he managed to entice celebrities far and wide.<\/p>\n FTX imploded in late 2022, bringing the industry to its knees. But one overlooked scar that SBF left was on Hollywood movie stars, NBA athletes, and top-tier comedians.<\/p>\n Just to name a few: Brazilian model Giselle B\u00fcndchen and her now ex-husband Tom Brady; actor Matt Damon; Golden State Warriors basketball player Steph Curry; and rappers Lil Yachty, Soulja Boy, Akon, Ne-Yo, and others are now associated with the failed exchange.<\/p>\n One of the top moments was Larry David\u2019s 2022 FTX commercial. The famed comedian and co-creator of the Seinfeld sitcom dressed up as several historical figures and criticized notable inventions in history.<\/p>\n These included the wheel, lightbulb, dishwasher, moon landing, and FTX, and he claimed he was never wrong about them.<\/p>\n It seems, however, he was very right on one of them.<\/p>\n Everybody knows that 7-time Super Bowl winner Tom Brady lost millions in the FTX collapse.<\/p>\n Brady was reminded of his financial misfortune during a Netflix roast on May 5. The super athlete was burned by Kevin Hart and Nikki Glaser, among others.<\/p>\n Kevin Hart opened the show with some friendly fire, asking, \u201cWhy didn\u2019t we go to the Crypto.com Arena downtown? Well, the reason why we didn\u2019t go there is because we didn\u2019t want to remind Tom\u2019s fans of how much money he owes<\/a> them.\u201d<\/p>\n His comedic counterpart Nikki Glaser was up next and she didn\u2019t hold back either, although Glaser took a larger shot at his teammate, and tight end Rob Gronkowski.<\/p>\nDoge Community Installs Dog Statue<\/h2>\n
DOGE Takes Over Twitter<\/h2>\n
Boden And Politicians<\/h2>\n
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No Hands Rug Pull<\/h2>\n
![\"'No](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F37967bd8abaaf385f4bed686e8d333071483668d-686x319.jpg&w=828&q=100\")
Degens Bet On Animal Racing<\/h2>\n
LIVEMOM<\/h2>\n
![\"LIVEMOM](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F9f7795418b6bff2a1c4e8c155645f11bab559984-373x204.jpg&w=828&q=100\")
![\"LIVESIS](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F1eabd32d5719dcd37695b0f5c4ed37528279b473-707x328.jpg&w=828&q=100\")
Racist Memecoins Darken The Mood<\/h2>\n
DogWifHat Goes To Vegas<\/h2>\n
![\"DogWifHat\"](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fb903935f8b1f94b1dbfac00f177489fec73fae06-833x447.jpg&w=828&q=100\")
Non-Memecoin Bonus<\/h2>\n
J.K. Rowling Gets The Muggle Guide To Bitcoin<\/h2>\n
![\"Tweet](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F334950d0e95274186f0a58673b959f4f0ff39508-1182x341.jpg&w=828&q=100\")
SBF Takes The Rich and Famous For a Ride<\/h2>\n
Comedians Roast Tom Brady<\/h2>\n