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Planet Money: The Memecoin Casino

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The Meme Coin Mania

This chapter explores the explosive rise of meme coins in the cryptocurrency market, tracing the shift from genuine belief in crypto to a culture of irreverent speculation. It highlights the innovative trading platform Pump.Fun and its role in democratizing the creation of meme coins, while examining the eccentricities and chaotic antics associated with their promotion. Additionally, the discussion contrasts the tactics of influential meme coin creators with those lacking celebrity status, illuminating the absurdity and unpredictability of this digital asset craze.

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