What is Memecoin?

Memecoin (MEME) is a community-driven cryptocurrency project that originated as a satirical response to speculative digital assets but has since evolved into a broader experiment in decentralized culture and social engagement within Web3. Built on the Ethereum blockchain, the project seeks to explore how internet communities can coordinate and create value through shared participation rather than traditional financial utility.

What is MEME?

The native token of the platform is MEME, which operates on the Ethereum blockchain. MEME functions primarily as a social token, enabling holders to take part in ecosystem activities, community initiatives, and collaborations with artists, creators, and partner projects. It has been associated with various NFT releases and on-chain social experiments designed to foster user creativity and interaction. The token does not otherwise offer any utility on the Ethereum network and instead represents a collective identity within the memecoin culture. The token has a total supply of 69 billion units of MEME, with approximately 56.97 billion MEME currently in circulation.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset. 

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform. 

Wealthsimple has performed an assessment of whether MEME can be supported by Wealthsimple's platform, including whether MEME is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated MEME based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of MEME, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created MEME;
• The supply, demand, maturity, utility and liquidity of MEME;
• Material technical risks associated with MEME, including any code defects, security breaches and other threats concerning MEME and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with MEME, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MEME; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether MEME, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple's original assessment of those assets, including Wealthsimple's assessment of the application of securities and derivatives laws. Any significant changes relating to MEME may result in changes to this Crypto Asset Statement and/or Wealthsimple's ability to support MEME.

Like all other crypto assets, there are some general risks to investing in MEME. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading MEME. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision). 

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: November 17, 2025