What is a "Meme Coin?"
Meme coins are a type of “cryptocurrency” that have no intrinsic value, no use case, and that come with no promise of profit or ownership rights (beyond owning the digital asset, itself). They are bought and traded just for fun. For these reasons, the SEC does not consider most meme coins to be securities and, instead, considers them to be a type of "digital collectible."
Like sneakers, baseball cards and vintage comic books, people buy meme coins because of a connection to their theme, their historic significance, and the hope that they might increase in speculative, secondary market value. Unlike other collectibles, meme coins trade 24/7, 365 days a year on global, decentralized, crypto exchanges, making them extremely liquid.
As speculative assets, meme coins represent the ability to monetize attention around a brand, a personality, or an event.
PNUT was launched on May 17, 2025, to protest local authorities who confiscated and euthanized an adorable pet squirell named Peanut. As of 7/9/2025, PNUT ranked #170 on Coinmarketcap.com, with a total marketcap of $244.63M, and daily trading volume of $219.9M!
