In the wild world of cryptocurrency, where logic takes a backseat to hype, NothingCoin has emerged as the latest sensation. Launched last week with the bold promise of being backed by 'absolutely nothing,' this digital token was meant as a joke by its anonymous creator, who goes by the handle 'ZeroAssets.' But in a turn of events that could only happen in the meme-fueled crypto circus, NothingCoin's value has skyrocketed by 10,000% overnight, all thanks to one particularly absurd meme.

The meme in question features a grumpy cat donning oversized sunglasses, captioned 'Investing in NothingCoin: Because why not?' Shared initially on a obscure subreddit, it quickly spread like wildfire across social media platforms. Influencers, celebrities, and even a few bewildered economists jumped on the bandwagon, pumping up the hype. 'It's the ultimate anti-establishment move,' tweeted one crypto enthusiast. 'Who needs gold or utility when you have memes?'

Financial experts are scratching their heads, trying to explain the phenomenon. Dr. Econ O'Mist, a professor of behavioral finance at Fictional University, commented, 'This is textbook irrational exuberance. People are buying NothingCoin not for its intrinsic value—which is zero—but for the fear of missing out on the next big thing. It's like betting on air, but somehow, it's winning.'

NothingCoin's whitepaper, if you can call it that, is a single page PDF with the words 'Backed by Nothing' repeated in Comic Sans font. Detractors argue it's a scam, but supporters counter that it's 'pure, unadulterated freedom from fiat tyranny.' One investor, who wished to remain anonymous, said he poured his life savings into it because 'the meme made me laugh, and laughter is the best investment.'

As trading volumes surge, exchanges are struggling to keep up. Major platforms have listed NothingCoin, with tickers flashing green arrows like it's the second coming of Bitcoin. Meanwhile, regulators are issuing vague warnings about volatility, but let's be real—no one's listening when there's a meme involved.

In a bizarre twist, the original meme creator revealed themselves to be a 12-year-old kid from Nebraska, who made it on their phone during recess. 'I just thought it was funny,' they said in an interview. Now, with NothingCoin's market cap rivaling small countries, the kid is fielding offers from venture capitalists. Who knew recess could lead to riches?

Critics warn of an impending crash, dubbing it the 'Meme Bubble 2.0.' But for now, NothingCoin holders are riding high, turning nothing into something—or at least, pretending to. As one trader put it, 'In crypto, value is whatever we say it is. Pass the memes!'

Will NothingCoin sustain its meteoric rise, or will it fizzle out like so many fads before it? Only time—and more memes—will tell. In the meantime, if you're thinking of investing, remember: it's backed by nothing, so don't say we didn't warn you.