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What is Moo Deng Pygmy hippopotamus, the feeling of social media Hawk Tuah and the President of the United States all have in common? They all inspired very precious and very volatile even. The same thing started as a kind of joke cryptocurrency, but it quickly became very real.

On the episode of today Sunday history, We turn to our friends at NPR Planet money To help us understand the phenomenon of mecoins. What are they and how did they go from a unique joke to a speculative frenzy worth tens of billions of dollars? Who are the winners and the losers of this new cheeky market?

THE Planet money The episode was reported by Alexi Horowitz-Ghazi and Nic Neves. It was produced by Willa Rubin and edited by Jess Jiang with the help of Keith Romer. Additional production for Sunday history by Justine Yan. Verification of the facts by Sierra Juarez and engineering by Neal Rauch.

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