Planet Money: The Memecoin Casino
Mar 28, 2025•34 min
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Summary
Alexi Horowitz-Ghazi and Nick Navis delve into the bizarre world of meme coins, exploring their origins, the technology enabling their proliferation, and the culture driving their popularity. The episode investigates Pump.Fun, a platform that democratized meme coin creation, and examines the motivations of investors, highlighting the risks and potential for exploitation in this speculative market. Ultimately, the episode questions whether meme coins are simply a form of gambling or a reflection of a deeper cultural shift.Episode description
Reporter Alexi Horowitz-Ghazi has the story of an unusual website you’ve likely never heard of. A website that has been responsible for rapidly making the world of Dogecoin and other memecoins become even more unhinged, all while generating small fortunes for foul-mouthed children.
The Parable of Peanut the Memecoin
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