Meme Coin
A meme coin derives its initial value almost entirely from community attention, cultural momentum, and shared narrative — not from an embedded function or revenue model. Dogecoin is the original example. Its "utility" was the joke itself: a Shiba Inu turned into internet money. The community is the product. Holding the token is participation in the joke, the brand, and the social bet that enough other people will care about it too.
This is not inherently dishonest. It is simply a different value proposition — one that depends on network effects and sentiment rather than protocol revenue or governance rights.
