Are Meme Coins Dead—or Just Evolving Into Something New?

Given how meme coins are evolving, can we still call what’s trading in these markets ‘meme coins’—or has the definition shifted?
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The question of whether meme coins are dead or simply evolving into something new is a fascinating topic in the cryptocurrency space. Meme coins, which gained immense popularity during the crypto boom of 2020 and 2021, often attracted attention due to their viral nature and community-driven hype. However, the initial frenzy has led to significant volatility and skepticism about their long-term viability.
The definition has absolutely shifted.
The term "meme coin" now covers two distinct categories: the original culture-driven coins (like Dogecoin and Shiba Inu) and a new wave of quasi-functional assets.
While both can be highly speculative, many newer projects are trying to build utility through ecosystems, staking, and even claiming to be "Layer 1s." However, their core value is still almost entirely driven by narrative and community hype, not underlying technology or cash flows.
So, the "meme" label remains fitting, as their price is still a function of virality, not intrinsic value.
Meme coins aren’t dying, they’re evolving. Now it’s all about utility + community. Those that adapt will survive the next cycle.
MAKING SOMETHING NEW? BUILDING IN SILENCE OR TOTALLY DEAD??
99.999% of memes are just wealth redistribution, pure extraction, a literal ponzi. even keeping a moonbag is burning money on daily runners/new launches.
Call them what you want—deep down they’re still hype machines. A shiny narrative won’t save you if the price crashes. Meme + utility = illusion more often than real.
If you tell me this is no longer a meme coin, I tell you that’s marketing. They’re still gambling tokens dressed in community slogans. Don’t get fooled.
This question hits on something real: meme coins have changed, and maybe we should rethink what the name even means. The Bitget article argues that today’s meme coins aren’t just jokes or hype—they’re blending culture, identity, storytelling, and some tokenomics.
Back in the day, a meme coin was just something that rode a joke or internet meme and usually had no serious backing or plan. Now, you see memes with strong communities, occasional utility, and creators who talk about mission, longevity, emotional resonance—all things you’d expect in “real” projects.
That said, the core risk of meme coins remains: volatility, hype cycles, and manipulation. Just because they’ve upped their storytelling game doesn’t mean they’re safe or fundamentally sound. Many are still designed for quick attention and dramatic swings.
So yes—I think we should drop labeling everything “meme coin” in the old sense. Maybe a better term is “community token” or “cultural token”—something that straddles fun, storytelling, and utility. But if a token leans too heavily into pure pump & dump or no accountability, then calling it a meme coin still fits.
In short: meme coins are evolving. Some now have depth. But don’t forget—they also carry risk. The name might still apply in many cases—but we should use it more discriminatingly.
Stop trading in junk assets. They're designed to transfer wealth to their creators, not to you.
Some meme coins have matured. Others haven’t. Use the label carefully. Just because it looks like a meme coin doesn’t mean it acts like one—or stays one.
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