memecoins are valued in fiat, both are commodities which are subject to supply and demand -- not currencies. in both cases the supply is controlled by few private hands and the demand is controlled by media -- which coincidentally, huehuehue, is in control of whoever can will fiat into existence. in order for memecoins to be considered valueable someone has to be pumping fiat into it. so, who, do you think, has pumped enough fiat into it to start the initial "gold rush", and who continues pumping fiat into it to facilitate the "pump and dump" pyramid schemes? who's holding the biggest bags? memecoins are quintessentially a buffer for inflation, providing pressure valves for the fiat system: dumbfuck cattle bankrupts itself, funneling excess fiat into blackboxes and memoryholes.
Germany