📌 Trump #memecoin’s (yes, there are several 🫠) showed significant volatility yesterday

This happened against the backdrop of Trump being found guilty on 34 counts related to document falsification. The leader in growth was the new token #FreeTrump, which showed a +750% increase.

#CryptoNews

🤔 What do a memorial and a memorandum have in common? That's right—they both contain "mem" (yes, literally)

With this longread, we open the series of essays "Zoomer's Dictionary," which aims to explain some features of modern trendy terms and linguistic constructions. And we will start with the most interesting one for the cryptocurrency industry—memes.

The word "meme" comes from the Greek "mimema," meaning "imitated." Richard Dawkins introduced this term in his book "The Selfish Gene" to describe how ideas spread and evolve in human society. Memes often have a humorous nature, which is their main strength because it makes them highly understandable and allows for the easy transmission of multi-layered context. For example, the meme abbreviation "POV" (Point of View) immediately indicates that the conveyed message is about a lifestyle that the author tries on to describe a particular life situation: "pov: you’re a novice trader" 💸

Memes have tightly integrated into digital communication and can not only entertain with funny pictures but also significantly influence public opinion, politics, and even finance, as we observe with the rise of #memecoins. Like a virus, a simple and precise meme instantly captures the minds of millions, evoking a strong emotional response. If the stated philosophy of a project, framed in a simple "meme-message," resonates with many people, they vote for such a project with their money, allowing it to grow in value. Tokens like #GME and #FreeTrump have shown growth not because of any special technological value, as is often the case with other cryptocurrency projects, but solely because a large number of people shared the stance promoted by these memecoins.

In the second part of the material, we will talk about Dogecoin and Shiba Inu—stay tuned for tomorrow 🐶