What Is a Meme Coin?

A meme coin is a cryptocurrency term for popular currencies, sometimes depicted with comical or animated memes, that are supported by enthusiastic online traders and followers. While meme coins may be fun, they are also highly risky investments and may hold little or no intrinsic value.

Dogecoin, Shiba Inu, and other currencies that may offer more entertainment than usability fall into this category. When buying or trading meme coins, it’s critical to understand the risks to help you avoid unexpected volatility and losses.

Sections

1. Price of Memecoins
2. Meme coins swaps
3. Cex inflow and outflow
4. Conclusion

Method

For answering the bounty question we check PEPE, CHAD, SHIBA and DOGE price together and effect of this meme coins on BTC and ETH Price.

In order to find out where this liquidity was provided and where it will go later, tables ethereum.core.ez_token_transfers and ethereum.core.ez_dex_swaps were used. At first, the total liquidity of these coins was determined, and then, for a better comparison, the three coins of Chad, Pepe, and Shiba were compared in the daily time frame and in the time period when they were at their highest prices.

By joining ethereum.core.dim_labels table we can find out the label_type like 'cex' , 'defi' , 'dex' and label that show the cex name.