E502: People know that meme coins are dumb and carry no real value. So why are they investing billions into them?
How did the PNUT meme coin created to honor the euthanized squirrel, Peanut, grow to a market cap of $2.2 billion?
How is the PEPE meme coin worth over $10 billion?
And what does this teach us about the current state of the world? What does this teach us about brand building and marketing?
Turns out it teaches us a lot.
That is what is shared on this episode of The Edward Show.
Sources:
https://decrypt.co/291739/lucky-trader-16-3-million-pnut-meme-coin
https://decrypt.co/resources/what-is-pepecoin-pepe
https://x.com/sterlingcrispin/status/1858229315030438257
https://x.com/codybrown/status/1858255592831262867
https://edwardsturm.com/articles/social-media-posting-strategy/
00:00 Introduction to Meme Coins
01:06 Insights on Meme Coins
02:04 Peanut the Squirrel
06:10 Other Notable Meme Coins
10:06 Experts on Meme Coins
11:46 The Psychology Behind Meme Coins
19:31 Branding Short Circuits the Brain
21:25 Conclusion
The Edward Show. Your daily digital marketing podcast: https://edwardsturm.com/the-edward-show/
#memecoins #cryptomarketing #digitalmarketing #branding