Sam Bankmeme-Fried is both a parody and a social commentary on the cryptocurrency industry, especially focusing on its risk management practices and the ethical implications of leadership within the sector.

Central to the Sam Bankmeme-Fried project is its community, colloquially known as "Sams." This community aspect is not just a peripheral feature but a core element of the project's identity. Members of the $SBF community actively participate in the project's development and promotion, contributing to a shared narrative that combines elements of role-playing with cryptocurrencies.

Sam Bankmeme-Fried have created an AI-powered Telegram bot used for crypto research, community engagement, and later, on-chain analysis. It is currently in private beta, but free to use in its Telegram community.