In the early 1920’s, people were really excited with stocks. Everybody was buying them, trying to get rich. As we all know, this was an economic bubble, which popped and sparked the Great Depression. Stocks keep raising and raising, and then dropped quickly.

Now, in the past week, the Uganda Knuckles Meme (UGM) has gained an extraordinary amount of popularity in a short amount of time. [Google trends over the past week show how it has risen pretty rapidly](goo.gl/FZST4t). It’s so popular that even normies are investing in the meme. With this sudden spike in popularity, it looks to me like UGM may be in some sort of memetic bubble, and if it is, it’s bound to pop.

As most of us investors know, a meme’s value (generally) has an inverse relationship with its popularity. In other terms, it becomes more valuable with less popularity, and becomes less valuable with more popularity. In addition, good, healthy memes rise to popularity gradually before fading into obscurity, lain to rest with respect and dignity. These types of memes are profitable to invest in. Unhealthy memes, however, rise to popularity rapidly, often to the point that the meme is everywhere, and then beaten to death and beyond. Although these memes can be somewhat profitable in the short term, they are very poor for long-term investments. Sometimes, investing in such a meme isn’t even profitable in the short term either, depending on different factors (such as age, current value, past value, popularity, etc).

Take, for example, Harambe. We all know about how that went down in meme history. When the meme started to rapidly spike in popularity, it entered a memetic bubble, with too many people investing too much into the meme. It got to the point of normification: when a meme becomes too popular and loses value as a result. The spike and quick death of the meme is shown by [this graph](goo.gl/j5ZJL9).

Alas, UGM may continue to rise, or merely stay at its current value, for a bit. However, based on past memes and the progression of UGM, this meme is likely in a memetic bubble. And if so, this bubble will pop. Based on what I’ve seen, it is almost, if not already, at the point of normification. If you are planning on investing, exercise caution. I leave you with this quote:

“Those who do not learn history are doomed to repeat it.”

EDIT: After looking into it a bit more, the meme may be more normified than I had previously thought. After seeings images like this and other r/MemeEconomy posts showing different symptoms of it, as well as over saturation in the market.