Memcoins: gaming currencies or modern financial pyramids?
Abstract and keywords
Abstract (English):
This study is a comprehensive analysis of the memcoin phenomenon, revealing their paradoxical nature as digital simulacra combining the characteristics of financial pyramids and shadow economy tools. Through the synthesis of blockchain analytics methodology and behavioral economics, the paper identifies key mechanisms for the sustainability of these assets, including the exploitation of viral network effects, the institutionalization of speculative practices, and integration into illegal financial flows. The analysis demonstrates the amazing cyclical dynamics of memcoins, which, despite regular collapses, inevitably revive in new forms due to the archetypal craving of the mass investor for quick profits without effort. The results obtained confirm the threefold functionality of memcoins as a tool for legitimizing financial fraud, a mechanism for laundering criminal assets, and the social phenomenon of collective self-deception, which, in the context of global regulatory gaps in the crypto market, determines their sustainable existence as a marginal but tenacious element of the digital economy, where digital simulacra, speculative practices, and behavioral economic patterns remain key concepts.

Keywords:
memcoins, digital simulacra, financial pyramids, speculative practices, shadow financial flows, behavioral economics, blockchain analytics, collective self-deception, cryptocurrency regulation
Text
Text (PDF): Read Download
References

1. Kudryashov, A. A. Dinamika vzaimozavisimosti kriptovalyutnogo rynka i mirovoy ekonomiki v kontekste global'nyh ekonomiko-politicheskih potryaseniy / A. A. Kudryashov, A. A. Korolev // Voprosy innovacionnoy ekonomiki. – 2025. – T. 15, № 2. – DOIhttps://doi.org/10.18334/vinec.15.2.122309. – EDN EPUXXP.

2. Ustinova, L. N. Cifrovaya transformaciya kak instrument optimizacii sistem upravleniya biznesom / L. N. Ustinova, E. R. Muharramova // Voprosy innovacionnoy ekonomiki. – 2025. – T. 15, № 2. – DOIhttps://doi.org/10.18334/vinec.15.2.122952. – EDN EXUTXM.

3. Pashihina, E. V. Vliyanie cifrovizacii na konkurentosposobnost' nacional'nyh ekonomik / E. V. Pashihina // Voprosy innovacionnoy ekonomiki. – 2025. – T. 15, № 2. – DOIhttps://doi.org/10.18334/vinec.15.2.122929. – EDN OWMYXZ.

4. Plehova, Yu. O. Innovacionnyy metod analiza upravleniya social'no-ekonomicheskim razvitiem regionov Rossii s primeneniem neyrosetevogo modelirovaniya / Yu. O. Plehova, V. I. Perova // Voprosy innovacionnoy ekonomiki. – 2025. – T. 15, № 1. – S. 125-144. – DOIhttps://doi.org/10.18334/vinec.15.1.122530

5. Zharikov, M. V. Funkcionirovanie kommercheskih bankov v usloviyah cifrovizacii deneg / M. V. Zharikov // Voprosy innovacionnoy ekonomiki. – 2025. – T. 15, № 1. – S. 345-362. – DOIhttps://doi.org/10.18334/vinec.15.1.122696

6. Mirovye trendy innovacionnogo razvitiya: problemy i perspektivy / L. N. Ustinova, H. A. Pavlova, E. D. Vashurkin, A. E. Ustinov // Voprosy innovacionnoy ekonomiki. – 2024. – T. 14, № 4. – S. 977-990. – DOIhttps://doi.org/10.18334/vinec.14.4.121655

7. Leushkina, V. V. Analiz mirovyh trendov na rynke innovacionnoy produkcii na primere spirulinosoderzhaschih produktov / V. V. Leushkina, E. A. Moliboga, A. N. Polyakova // Voprosy innovacionnoy ekonomiki. – 2024. – T. 14, № 4. – S. 1513-1526. – DOIhttps://doi.org/10.18334/vinec.14.4.121783

8. Lukichev, P. M. Prinyatie resheniy v sovremennoy ekonomike: iskusstvennyy intellekt vs povedencheskaya ekonomika / P. M. Lukichev // Voprosy innovacionnoy ekonomiki. – 2024. – T. 14, № 3. – S. 649-666. – DOIhttps://doi.org/10.18334/vinec.14.3.121070

9. Kudryashov, A. A. Analiz i ocenka tendenciy mirovyh birzhevyh indeksov v kontekste eskalacii ukrainskogo krizisa / A. A. Kudryashov, A. A. Korolev // Ekonomicheskie otnosheniya. – 2023. – T. 13, № 4. – S. 653-668. – DOIhttps://doi.org/10.18334/eo.13.4.118971.

10. Buletova, N. E. Cifrovoe upravlenie v sisteme finansovogo menedzhmenta predpriyatiya / N. E. Buletova, E. V. Kosobokova, S. V. Kulibaba // Voprosy innovacionnoy ekonomiki. – 2024. – T. 14, № 3. – S. 717-732. – DOIhttps://doi.org/10.18334/vinec.14.3.121478

11. Men, L. Sravnitel'nyy analiz modeley razvitiya cifrovoy ekonomiki v Kitae i Rossii / L. Men // Voprosy innovacionnoy ekonomiki. – 2024. – T. 14, № 3. – S. 923-942. – DOIhttps://doi.org/10.18334/vinec.14.3.121364

12. Investing.com. [Elektronnyy resurs]. URL: https://ru.investing.com/ (data obrascheniya: 14.07.2025).

13. World Bank Group. Vsemirnyy Bank. [Elektronnyy resurs]. URL: https://www.worldbank.org/en/home (data obrascheniya: 14.07.2025).

Login or Create
* Forgot password?