The Rise and Fall of Meme Coins: The Evolution from DOGE to Kishu Coin
Meme coin, as a unique phenomenon in the cryptocurrency market, has experienced multiple ups and downs in recent years. These types of coins typically attract attention through internet culture, trending events, or popular elements, and may experience explosive market activity in the short term, but they also face significant risks.
Recently, with the release of the movie "All In", a meme coin called "Kotaicoin" has rapidly gained popularity. On multiple blockchains, the same named Kotaicoin trading pairs have emerged. Among them, the Uniswap v2 platform on the Ethereum network has become the main trading venue. The price trend of Kotaicoin can be described as a roller coaster - it surged over 3000 times within two days after the movie's screening, but then quickly fell back, nearly returning to its issuance price a week later.
This dramatic price volatility is actually the norm for Meme coins. To trace the origin of Meme coins, one must mention DOGE. In 2013,