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Meme coins have surged in popularity since Elon Musk endorsed the use of Dogecoin, one of the first meme coins.[5] He continues to post tweets about Dogecoin in 2022, including one in January where he stated he would eat a Happy Meal from McDonald's on live TV if they started accepting Dogecoin as payment.[6] The risk of losing money is significant. However, some projects seem to be successful and sustainable over time.[