Dogecoin -"dough-jeh" - seemingly came out of nowhere with it's recent increase in price and popularity. How did this happen? More importantly. Why did this happen? We'll discuss the good, the bad, and the ugly of meme coins. Meme (mēm) coin - an amusing or interesting item (such as a captioned picture or video) that is spread widely online especially through social media. Meme coins are cryptocurrencies that use memes to raise awareness through humor.