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Understanding Meme Coins and Internet Culture
The value of meme coins can reach astonishing market caps, as seen in the case of Dogecoin with an $85 billion surge. Business schools do not teach about meme coins as they are rooted in understanding internet culture, which is challenging to teach. Meme coins are essentially derivatives of internet culture events, such as memes, viral videos, or significant cultural phenomena like the Super Bowl or the Grammys, encapsulated into a token format for the first time.