Over the past decade, the space of cryptocurrency moved from a niche to become an international phenomenon. As mainstream as Bitcoin and Ethereum are, however, a new class of digital tokens—memecoins—occupies the limelight. Contrary to other cryptocurrencies, which are built upon generally edge-backed technology or financial application cases, memecoins flourish based on culture, user base, and hype. The unshakable power of social media platforms is at the center of such a phenomenon. These virtual realms have become hotbeds for talk, trends, and meme movements that have a direct impact on the direction of memecoins.