More or Less #85: The $250M Meme Coin Experiment
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Feb 7, 2025 Dive into the whirlwind world of meme coins as frothy investments take a twist with a $250M launch. Discover the amusing backstories behind the chaos and how creators are reshaping content with innovative tools. Explore regulatory hurdles in the crypto space, alongside debates on the government’s engagement with memes like Dogecoin. The hosts share laughs over creative advertising ideas and the ever-evolving relationship between finance, public trust, and digital currencies, all packed with insights and humor.
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Jelly-My-Jelly Launch
- Sam Lessin launched a meme coin called Jelly-My-Jelly ($JELLYJELLY) on pump.fun.
- It quickly gained a market cap of $250 million and $500 million in trading volume within 24 hours.
Meme Coin Dynamics
- Meme coins thrive on narrative and community speculation, similar to dorm room parties.
- Traders research the coin, its origins, and potential, driving market activity.
Fartcoin's Significance
- Fartcoin's $451 million market cap demonstrates that meme coins are driven by narrative and community.
- This excludes institutional investors, allowing retail investors to participate.