Alex $ERC20 Token appears to be a meme coin, potentially aiming for significant gains. Similar tokens like ELON MEME COIN and King Elon Monkeys Token are trending, boasting features such as locked liquidity, contract renunciation, and AI trading bots. This token has no inherent value or utility like MEMECOIN but aims for entertainment purposes and potential 100x returns. It's important to note the high-risk nature of meme coins and lack of guaranteed financial returns.