What are crypto memes?

There are some memes that crypto traders take from the wider web and make their own. Then there are memes that could only originate in crypto. Wassies, green frog-like creatures with crescent moon symbols on their chests, are the latter. Born out of the 2018 crypto bear market, Wassies have proliferated across crypto trading social media channels.

Are memes a universal language in crypto trading?

In the crypto trading world, memes have become something of a universal language. Swole doge figurine charging forward in darkness on white ground (Getty Images) May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now Crypto is a world apart from Wall Street.

What is the 'when Lambo' crypto meme?

The ‘When Lambo’ crypto meme was born after people kept getting rich in crypto and would then buy a Lamborghini. Then, after a day or a week of investing in a coin, traders would begin asking ‘When Lambo?’, meaning when will the price rise so I can buy a Lamborghini.

What is a meme coin?

Unlike Bitcoin, which was programmed to have a finite number of units available to mine, meme coins will often have billions of units in circulation. Meme coins also don’t typically have a mechanism that “ burns ” coins, or removes them from circulation permanently, so the numbers just keep rising.