The Memecoin Casino
28 February - 28 mins explicit
Podcast Series
Planet Money
What do Moo Deng the pygmy hippo, social media sensation Hawk Tuah, and the President of the United States all have in common? They've all inspired highly valuable, highly volatile memecoins.
The humble memecoin began as a sort of satirical send up of speculation in the crypto world. But it was a joke that soon became very real. In the decade since the launch of Dogecoin in 2013, a series of cultural shifts and technological leaps enabled an explosion in the number of new memecoins. And this memecoin explosion has not only minted millionaires but also led to hordes of unlucky investors and untold scams.
On today's show, what's in a memecoin? How they went from a one-off joke to a specula...
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