Guide: The Psychology Behind Meme Coins
Inspired by current events and online memes, and backed by influencers, online communities, and celebrities, meme coins have shot to fame. But why have they become so popular? Learn the psychology behind meme coins.
Elon Musk & Dogecoin
Since Elon Musk promoted the original meme coin, Dogecoin, there has been a trend of imitators, promoted by social media influencers on platforms like TikTok. But what is a meme coin?Usually, meme coins have no inherent value and typically no utility. As suggested by the name, they’re often also inspired by internet memes. Dogecoin, the first meme coin is based on a picture of a Shiba Inu dog.
Since the launch of Dogecoin in 2013, it has become relatively easy to create a crypto token, and meme coins can be launched quickly. They often rapidly become popular thanks to their promotion by influencers.
In May of this year, Facebook CEO, Mark Zuckerberg posted a photo of his pet goals with the caption “My Goats: Max and Bitcoin.” Within a few hours, a meme coin named Aqua Goat emerged. Its value increased by almost 300%!
The psychology behind meme coins
When we look at these insane versions of crypto, we see huge price increases, then massive drawdowns. But, how do we evaluate what’s going on? What’s pulling people in?Is it purely driven by financial speculation and the desire for profit, or is there more to it? Some suggest it’s also an expression of identity- that people are willing to risk a lot to identify with these influencers and the particular set of ideals that they promote. It may be explained by an unconscious feeling or the desire to feel part of a team.
Most see investing in meme coins as insane. But others look at it as a cheap bet with the potential to achieve huge profits.
The rise of meme coins
Insane or not, meme coins have risen to impressive heights this year. In October this year, Shiba Inu (SHIB) overtook Dogecoin, its original inspiration, by market cap and turned one investor’s $8,000 SHIB into over $5 billion!Disclaimer: THIS IS NOT FINANCIAL NOR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make, and only you are accountable for the results.
Missed DOGE? Catch the next big thing with Cryptonary
Did you know we reported WIF at $0.003 (+62,308%), POPCAT at $0.004 (+48,233.33%), and SPX at $0.01 (+6,200%)? Imagine what our research could uncover next.
With a 7-day free trial and a 4.8/5 rating from over 1,600 reviews, there’s no reason not to give it a try.
Continue reading by joining Cryptonary Pro
$0
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
TermsRecommended from Cryptonary
