$TRUMP Is Already Worth Billions. What to Know About the Meme Coin.

President Trump and his wife, Melania, recently launched meme coins, $TRUMP and $MELANIA, which have gained significant value, drawing criticism for potential conflicts of interest. Meme coins are easy to create and are based on internet memes, with their value tied to the popularity of the memes. These tokens are highly volatile and can be traded on various crypto exchanges, with the $TRUMP coin facing a 45% crash following the launch of $MELANIA. The tokens' market hype has led to Wall Street interest, with an ETF planned for the $TRUMP coin. Critics warn of potential influence-buying through the tokens, and the $TRUMP token's ownership structure has raised concerns about unrealized profits and pump-and-dump schemes. [Extracted from the article]