The '80s iteration was in fact a memetic evolution from the times of letter writing when LOL stood for "loads of love" or "lots of luck." Considering that then It is really undergone an analogous memetic evolution as "meme," viewing use to be a verb with terms like "I lol'd." https://geschaftsgrundlagen.de/memecoins-und-die-macht-der-community-wie-virale-trends-den-erfolg-von-kryptowahrungen-vorantreiben/