“The Day the Fun Died: How Washington Might Kill Meme Coins and Ignite a Crypto Culture War
Meme coins like Pepe (PEPE) and Shiba Inu (SHIB) have become the raucous, unpredictable back alley of the crypto market, often trading on social media sentiment rather than economic fundamentals. As of early 2025, these tokens commanded multibillion‑dollar market caps—Shiba Inu at around $8 B and Pepe climbing above $3 B at times—an extraordinary valuation for assets…