MEME is a cryptocurrency indirectly created by Jordan Lyall, who is the product lead for DeFi at Consensys. Lyall developed a humorous tool called the Degenerator for quickly launching new DeFi projects. Surprisingly, the Degenerator gained its own token from a different developer after Lyall shared his creation. Despite being launched as a joke without any real value proposition, MEME has experienced significant growth, reaching a peak value of $1,700 per token. It is essential to note that Lyall himself has publicly advised against investing in MEME, emphasizing its status as a joke with no fundamental value.
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