Software engineers released Dogecoin in late 2013 as a joke based on the popular Doge internet meme. The coin carried no serious technical ambition and existed primarily for humor to satirize the cryptocurrency boom of that year.
Donald Trump launched his official meme coin three days before his second inauguration in January 2025 with a peak market value over US$14.5 billion. Melania Trump issued her own memecoin on the 19th of January 2025 with a reported cap around US$2.2 billion, which Bloomberg noted was down about 90% from its peak by the 6th of February 2025.
Thailand's Securities and Exchange Commission banned meme coins in early 2021 for lacking clear objectives or substance. They classified these assets as digital goods without legitimate purpose under existing financial regulations.
On the 15th of April 2025, hackers compromised UK Government Minister Lucy Powell's account to push House of Commons cryptocurrency. The Catholic News Agency and German President Frank-Walter Steinmeier's accounts were also repurposed to impersonate various figures during these attacks.
In January 2025, three US asset managers set out to launch exchange-traded funds investing in meme coins linked to Trump and Musk. Stratos launched a liquid fund holding dogwifhat tokens while an ETF proposal linked to the Pengu token and Pudgy Penguins NFTs was filed for review in 2025.