(Bloomberg) -- Memecoins are a type of cryptocurrency that originated from internet memes or jokes ... s quite literally a dog wearing a hat and a green anthropomorphic frog, respectively.

There's just something about an Angel Frog's little butt. Discover more about the frog and why its butt has a devoted internet following.

When meme coins—crypto tokens that usually do not purport to have any utility but are often just a single digital image of a dog, frog, ...

Meme coins are the other exception because no professionals or VCs will trust a picture of a dog, frog, or cat that has no utility. However, that’s precisely the point behind this meme pump.