Meme coins, a type of cryptocurrency inspired by internet culture, have gained popularity as a community-driven investment prospect. However, their volatility has been highlighted by the sharp decline in market capitalization of PEPE, a meme coin named after the infamous Pepe the Frog meme. The story of "The Dogefather," who became a millionaire through investing in Dogecoin, showcases both the potential gains and risks of meme coin investments. Shiba Inu, another rising meme coin, started as an "underdog" but quickly gained popularity in the market. While meme coins have democratized access to investment opportunities and promoted financial literacy through humor and memes, the potential for herd mentality and market manipulation remains a challenge. It is important for anyone considering an investment in meme coins to be aware of the significant risks and to make informed decisions.