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Main Authors: Long, Hou-Wan, Wong, Nga-Man, Cai, Wei
Format: Preprint
Published: 2024
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Online Access:https://arxiv.org/abs/2412.04913
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author Long, Hou-Wan
Wong, Nga-Man
Cai, Wei
author_facet Long, Hou-Wan
Wong, Nga-Man
Cai, Wei
contents Memecoins, driven by social media engagement and cultural narratives, have rapidly grown within the Web3 ecosystem. Unlike traditional cryptocurrencies, they are shaped by humor, memes, and community sentiment. This paper introduces the Coin-Meme dataset, an open-source collection of visual, textual, community, and financial data from the Pump.fun platform on the Solana blockchain. We also propose a multimodal framework to analyze memecoins, uncovering patterns in cultural themes, community interaction, and financial behavior. Through clustering, sentiment analysis, and word cloud visualizations, we identify distinct thematic groups centered on humor, animals, and political satire. Additionally, we provide financial insights by analyzing metrics such as Market Entry Time and Market Capitalization, offering a comprehensive view of memecoins as both cultural artifacts and financial instruments within Web3. The Coin-Meme dataset is publicly available at https://github.com/hwlongCUHK/Coin-Meme.git.
format Preprint
id arxiv_https___arxiv_org_abs_2412_04913
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Bridging Culture and Finance: A Multimodal Analysis of Memecoins in the Web3 Ecosystem
Long, Hou-Wan
Wong, Nga-Man
Cai, Wei
Human-Computer Interaction
Memecoins, driven by social media engagement and cultural narratives, have rapidly grown within the Web3 ecosystem. Unlike traditional cryptocurrencies, they are shaped by humor, memes, and community sentiment. This paper introduces the Coin-Meme dataset, an open-source collection of visual, textual, community, and financial data from the Pump.fun platform on the Solana blockchain. We also propose a multimodal framework to analyze memecoins, uncovering patterns in cultural themes, community interaction, and financial behavior. Through clustering, sentiment analysis, and word cloud visualizations, we identify distinct thematic groups centered on humor, animals, and political satire. Additionally, we provide financial insights by analyzing metrics such as Market Entry Time and Market Capitalization, offering a comprehensive view of memecoins as both cultural artifacts and financial instruments within Web3. The Coin-Meme dataset is publicly available at https://github.com/hwlongCUHK/Coin-Meme.git.
title Bridging Culture and Finance: A Multimodal Analysis of Memecoins in the Web3 Ecosystem
topic Human-Computer Interaction
url https://arxiv.org/abs/2412.04913