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It launched last Christmas in an airdrop and quickly rallied before dying down.

It began climbing again in October and just this weekgot listed by Coinbase, signaling how funny money can yield big business.Still, 100x memecoin trades are more luck than skill, said Blockgraze, a part-time crypto trader who said he works with consumer startups.

He compares it to gambling.Danny is CoinDesk's managing editor for Data & Tokens.

He formerly ran investigations for the Tufts Daily.

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