There are some crypto names one would hear and just burst into laughter. I have seen a lot of them but there is one I came across today while searching for trending tokens on Coingecko called MUMU. You need to know what this means in my country: it literally means a complete idiot.
But to my surprise, this token has been performing well and listed on some top exchanges. Based on Solana ecosystem, the project seems to be gaining more relevance as the mcap and trading volume has surged exponentially in the last 2 weeks. For me personally, the name discouraged me from buying it even though it has obvious potential to be the next BONK looking at the community support and the social sentiment surrounding it on various social media space but am curious and want to know if you will buy a crypto whose name have a negative fundamental to your believe?
Who cares about negative fundamentals when it's money we are here to make? I actually have come across this meme coin on dexscreener while I was searching for some meme coins with good potentials to invest in, I saw it and actually took or picked interest in it, but unfortunately, looking at it's market cap, I felt I was already late to that party, so, I completely ignore it and went in search for another.
The thing is, meme coin will such names usually may seem so unserious, some may discard it calling it a garbage (which actually it really is), but you did be surprised that meme coins like this are the ones that sometimes end up taking the meme coin spotlight.
When it comes to memecoins, the funnier and relatable the name of the coin is, the better because, That can drive investors to want to invest in such a coin, because it has a name or title the society can easily relate to