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Let’s get back to the basics: Don’t confuse memecoin with shitcoin | Bee Network

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Let’s get back to the basics: Don’t confuse memecoin with shitcoin | Bee Network Login トレンドニュース ミーム・ローンチパッド AIエージェント デサイ トップチェーンエクスプローラー 初心者向け 100x コイン ビーゲーム 重要なウェブサイト 必須のアプリ クリプトセレブリティ デピン ルーキーズ・エッセンシャル トラップディテクタ 基本的なツール 高度な Web サイト 交換 NFTツール こんにちは、 サインアウト Web3 ユニバース ゲーム ダップ ミツバチの巣 成長するプラットフォーム 広告 検索 英語 コインをリチャージする ログイン ダウンロード Web3 ユニ ゲーム ダップ ミツバチの巣 広告 ホーム-分析-本文 Let’s get back to the basics: Don’t confuse memecoin with shitcoin分析1年前 (2025)发布ワイアット 293,25253 1341

原作者: Mannay

コンパイル による オデイリー 惑星 毎日 ( 翻訳: )

Translator｜ Azuma ( ゆーすけ )

Lets get straight to the point, memecoin and shitcoin are two completely different things.

memecoin ——free and uninhibited, derived from the collective resonance of Internet culture;

shitcoin — ephemeral, speculative, and soulless;

Confusing the two is not only a semantic error, but also a cultural dissonance. Calling a token like TRUMP or LIBRA a memecoin is like mistaking a shadow for the moon.

Memes spread from brain to brain like viruses – Richard Dawkins, The Selfish Gene (1976)

From Dawkins’ デフィnition of a meme as a “unit of culture” to the creation of DOGE in 2013, memecoins have become the intersection of internet culture and decentralized finance. It is now most important to distinguish between true memecoins — cultural products born of community humor, shared values, and organic spread — and shitcoins designed to capitalize on speculative mania. Conflating the two is not just a semantic error, it undermines the cultural foundation that makes memecoins so fascinating. Memecoins are stories that can be traded as assets, and their value is just a byproduct of collective beliefs.

Memes are not static images or jokes: they are cultural genes that mutate and spread through human interaction. Dawkins’s metaphor in 1976 described memes as “selfish replicators” vying for dominance in the attention economy. Memecoins like DOGE or PEPE also embody this evolutionary process:

A meme (such as DOGE) mutates into a token, gaining financial utility while retaining its cultural DNA.

As an ecosystem, the community amplifies memes that resonate with shared values (humor, rebellion, nostalgia).

The blockchain infrastructure accelerates the replication process, generating more than 40,000 memecoins per day.

Unlike shitcoins, which lack cultural adaptability, memecoins thrive by being embedded in collective memory. They also bridge two eras of internet culture: Web2 and Web3.

In Web2, memes are centralized commodities. Platforms like Reddit and Twitter monetize viral content through advertising, but creators rarely benefit financially from it. It spreads through platforms like Reddit or Twitter, but its monetization process is isolated – the platform earns ad revenue, not the creator. The rise of DOGE in 2013 is an example of this, with its community funding charities but lacking ownership of the financial value of the meme.

Web3 transforms memes into self-sovereign assets, where communities monetize their cultural labor. Memes also become tradable “equity” that is governed by decentralized communities rather than corporate algorithms. This shift is actually revolutionary, as memes have been transformed from ephemeral content to lasting cultural capital. For example, PEPE reclaimed the Pepe-themed meme from Web2 appropriation, enabling holders to “own” a part of Internet history.

Real memecoins will follow a Darwinian development trajectory :

Birth: A meme is tokenized, usually as a form of satire;

Growth: Communities use humor and nostalgia to build social capital;

Maturity: Successful memecoins develop quasi-social utility (holders invest not only for profit but also for identity);

Legacy: memecoins either fade away (most) or evolve into cultural symbols/community legends. For example, DOGE’s persistence stems from its myth of charity.

Shitcoins bypass this life cycle. They are financial zombies — devoid of narrative, they are only harvested through predatory tactics and pump and dump. They lack cultural support, which dooms their life cycle to be short-lived.

Memecoins effectively archive internet subcultures into the blockchain and function as 21st century folklore. Shitcoins, in turn, lack this emotional resonance and fail to generate community loyalty. They exploit trends without contributing to cultural narratives, alienating 暗号currencies from their “countercultural” roots. They are parasites of memes and are fundamentally different from memes.

The real challenge now is to maintain cultural integrity. The confusion between memecoin and shitcoin has threatened the cultural foundation of cryptocurrency – exploitative tokens have led to the erosion of trust, low-quality copies have stifled innovation and diluted creativity, volatility and scams have attracted heavy-handed regulation, endangering creative freedom…

Let’s take a look at some history. Created in 2013 by Billy Markus and Jackson Palmer, DOGE began as a parody of Bitcoin and a nod to Doge-themed memes. The entire project was full of self-deprecating humor. However, it was this irony that helped it stand out in the increasingly serious and competitive crypto space. Within a few months, a loyal community (you could call it a “cult”) quickly emerged, funding the Jamaican bobsleigh team for the 2014 Winter Olympics and sponsoring causes such as clean water initiatives. These early philanthropies revealed a community spirit that went beyond speculation.

Susan Blackmore wrote in The Meme Machine (1999) that the success of a meme depends largely on its ability to resonate with a shared cultural context. Memecoin achieves this by using humor as a Trojan Horse; people gather around humor, but they stay because they belong. Whether posting ridiculous memes or raising money for wacky causes, these communities transform the attention economy into tangible economic value. The exchanges, activities, and creations of the community amplify cultural momentum, and digital cross-pollination occurs so quickly that the value of memecoins often soars not because of intrinsic utility but because of endless humor-driven. Over time, if a meme resonates widely (as DOGE did), the token can transcend its initial joke and become a cultural symbol in its own right.

In contrast, shitcoins lack any meaningful cultural foundation. They exist purely as speculative vehicles, with their creators capitalizing on viral marketing and FOMO without contributing anything real to the broader cryptocurrency or cultural ecosystem. The value of a memecoin is emotional; the value of a shitcoin is transactional.

Crypto markets — especially on chains like Solana, where transactions are fast and cheap — can be overwhelmed by tokens popping up like mushrooms after rain on platforms like pump.fun, but not all fungi are edible.

As Coindesk reporter Brady Dale wrote in a 2021 article about DOGE: “The real difference is not in the code, but in the narrative.”

Shitcoins lack narrative depth. They have no comedic spark, no philanthropy, and no sense of collective engagement beyond speculation. Last year’s wave of so-called PolitiFi tokens, like MAGA Coin, BODEN, or KAMA, demonstrated how shitcoins attach themselves to culturally divisive topics (in this case, political ones) to accelerate speculation. Instead of connecting communities, they exploit political sentiment for quick profits. Instead of a shareable inside joke, they are just chips in a digital casino, a carefully orchestrated conspiracy to manipulate the market from beginning to end.

As early as 2022, a reporter wrote in the New York Times: Politically labeled tokens exploit real-world tensions to gain short-term market momentum, leaving a trail of disillusioned investors in their wake.

We’ve all seen how this plays out this year. Just because a coin goes viral doesn’t mean it automatically has memecoin status. Memecoins tap into cultural consensus or collective resonance, while shitcoins simply ride on the same virality mechanism without any deeper story. As a result, they burn out quickly.

They are the economic equivalent of a flash mob… a spectacle that disappears as quickly as it was created, leaving no lasting cultural imprint, Noelle Acheson said in a 2021 interview with Decrypt.

Memes are the DNA of our culture. They are ever-changing codes that spread through collective imitation and recreation. —Susan Blackmore, The Meme Machine (1999)

Conflating memecoins with shitcoins poses a real threat to the legitimacy and artistic appeal that real memecoins bring to the cryptocurrency space. Memecoins have historically been an easy onramp for newcomers to sophisticated financial instruments. When audiences see the space diluted by exploitative tokens without a cultural soul, trust and enthusiasm will erode.

Memecoins reflect the collective psychology of internet subcultures — Reddit posts, Twitter feeds, Discord channels. Shitcoins hollow out the concept of a meme, reducing it to “virality.” The result is a market filled with digital garbage that obscures truly creative projects. Real memecoins give life to internet culture and build emotional resonance among global communities. DOGE initially succeeded because it was fun, inclusive, and reflected the core of internet humor. トークンs like PEPE continue this tradition. Shitcoins lack this community magic. They are launched by individuals, and they are just exploiting memes.

This is why calling a shitcoin a memecoin is like calling a billboard slogan high art. The superficial similarity masks a huge gulf between authenticity and purpose. Memecoins are more than jokes, they are a mirror that reflects the essence of internet culture, while shitcoins are funhouse mirrors – all surface, no substance. To confuse the two is to misunderstand both. Culture is fragile, dont let it fall.

In the words of Richard Dawkins, a meme is a “unit of culture.” Let’s respect that definition and remember why we’re in crypto — not just to make money, but to belong.

This article is sourced from the internet: Let’s get back to the basics: Don’t confuse memecoin with shitcoin

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