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BeginnerLesson 6 of 7 · 4 min read

Famous coins and what they teach

Dogecoin, Bonk, Pepe, dogwifhat, Moo Deng, Fartcoin, HAWK, TRUMP and LIBRA: what really happened, with dates, and the lesson in each.

On this page
  1. Lesson 1: the long-lived ones started as jokes with a wide crowd
  2. Lesson 2: a famous name is not protection
  3. Lesson 3: being right about the meme isn't enough
  4. Lesson 4: you only hear about the winners
  5. Quiz

You'll hear these names again and again. Each one taught the trenches something. The numbers come from news reports and on-chain studies at the time. Prices change every minute, so treat every figure as a snapshot from its date.

CoinLaunchedWhat happened
Dogecoin (DOGE)Dec 2013A joke by two engineers, on its own blockchain. Still worth about $12.4 billion in October 2026.
Shiba Inu (SHIB)Aug 2020An Ethereum token made by an anon called Ryoshi. Half the supply went to Ethereum co-founder Vitalik Buterin, who burned about 410 trillion tokens in May 2021.
Bonk (BONK)Dec 25, 2022Made to cheer up Solana's community after the FTX collapse. Half the supply was given free to Solana users.
Pepe (PEPE)Apr 2023An Ethereum token. Passed $1.6 billion in under three weeks, then fell back to about half.
dogwifhat (WIF)Nov 2023A dog in a knitted hat. Peaked near $4.7 billion on March 31, 2024.
Moo Deng (MOODENG)Sep 2024Named after a baby pygmy hippo at a zoo in Thailand. Passed $70 million in two weeks.
Goatseus Maximus (GOAT)Oct 10, 2024Launched by an anon and cheered on by Truth Terminal, an AI bot account on X. Started a wave of AI coins and peaked near $1.3 billion in November 2024.
FartcoinOct 2024A fart joke born from the same AI bot's posts. Passed $1 billion in December 2024.
HAWKDec 4, 2024A celebrity coin. Bubblemaps found about 96% of the supply had gone to one cluster of linked wallets. It hit about $490 million within minutes of launch, then fell more than 90% within hours.
TRUMPJan 17, 2025The US president's official coin. Near $75 two days later, close to $15 billion. About $1.78 in July 2026.
LIBRAFeb 14, 2025Posted by Argentina's president. Peaked around $4.5 billion, then crashed about 90% within hours.
DOGE has its own blockchain, and SHIB and PEPE began on Ethereum. The rest started on Solana. By October 2026 all three also have a linked version on Solana, sitting next to many unrelated coins with the same name, so check the contract address before you buy. Sources: Wikipedia, CoinDesk, CoinMarketCap, Fortune, Decrypt, Know Your Meme, The Block, Nansen, Bubblemaps, Solana Compass, Crypto Briefing. Snapshots, not current prices.

Lesson 1: the long-lived ones started as jokes with a wide crowd

DOGE, BONK and WIF share a pattern: a meme people genuinely liked, lots of holders spread out, and time. BONK gave half its supply away instead of keeping it for insiders. That is the opposite of most launches you will see.

Lesson 2: a famous name is not protection

HAWK, TRUMP and LIBRA had huge names behind them. That made them more dangerous, not less. People close to each launch held a big share or got in first, sniper bots were waiting, and much of the crowd arrived near the top. On LIBRA, wallets linked to the team cashed out about $107 million within hours, according to the on-chain tracker Lookonchain. Nansen later found that 86% of the LIBRA traders it studied lost money, about $251 million in total.

A cartoon rug being yanked out from under a crowd of traders while a price chart crashes behind them

Lesson 3: being right about the meme isn't enough

Example

Buying TRUMP at the top

TRUMP was the most famous memecoin of its year. Here is what the top looked like.

  1. Step 1: On January 19, 2025, TRUMP traded near $75.
  2. Step 2: $1,000 at $75 buys about 13.3 tokens.
  3. Step 3: In early July 2026 it traded near $1.78. 13.3 × $1.78 is about $23.70.
  4. Step 4: That's a loss of about 97.6%.
  5. Step 5: Nansen counted 988,905 wallets in loss on TRUMP by the end of June 2026, about two-thirds of everyone who bought, with $3.81 billion in combined losses. The gains went mostly to early buyers who got in during the first hours, below $1.

Lesson 4: you only hear about the winners

You know WIF because it won. You don't know the thousands of dog-in-a-hat coins that died the same month. This is survivorship bias: the winners tell their story, the losers go quiet. Every famous coin on this page had copies, and almost all of the copies went to zero.

Check what you learned

0 of 4 answered

  1. Question 1What made BONK's launch stand out?
  2. Question 2TrickyA world-famous person launches a coin. Based on HAWK, TRUMP and LIBRA, what usually follows?
  3. Question 3You bought $1,000 of a coin at $75. It now trades at $1.78. About what is your position worth?
  4. Question 4What is survivorship bias in memecoins?

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This guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.