What does Moo Deng The Pygmy Hippo, social media, Hawk Tuah, and President of the United States share? All of them have a very high and volatile. Memecoin started as a kind of cryptocurrency, but soon became very real.
In today’s episode of Sunday’s story, We move to our friends in NPR’s Planet money To help us understand the phenomenon of Memecoins. What are they, and how did they move from one joke for a joke of speculation with the value of tens of billions of dollars? Who are the winners and losers in this rude new market?
the Planet money The episode was reported by Alexei Horwat-Gazi and Nick Nevis. It was produced by Wila Robin and edited by Jess Jiang with the help of Keith Romer. Additional production for Sunday story Written by Justin Yan. Check the facts by Sierra Khwariz and Engineering by Neil Rawch.
We would like to hear from you. Send us an email in Thesundstory@npr.org.