The $Trump meme coin combines the world of crypto and finance with celebrity culture. Here’s what you need to know about it
Cryptocurrency can feel like a world of its own, filled with jargon, volatility, and more coins than one could ever keep track of. But among the Bitcoins and Ethereums, there’s a quirky subgenre that never fails to turn heads: meme coins. Born from internet humour and fuelled by social media hype, these coins often blur the lines between financial speculation and cultural commentary.
Recently, two meme coins have grabbed the spotlight: the Trump coin ($Trump) and the Melania coin ($Melania). Tied to one of the world’s most recognisable power couples, these tokens bring a new twist to the cryptocurrency craze. Here are a few things you need to know about these meme coins.
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1. Meme coins are not like Bitcoin
Meme coins are a playful subset of cryptocurrency that rely on humor, pop culture references, and social media hype. Unlike traditional cryptocurrencies like Bitcoin, which focus on innovation and utility, meme coins thrive on virality and community enthusiasm. They are fun, unpredictable, and not always the most serious investments. Their value depends more on trends and endorsements than on any underlying utility.
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2. $Trump was among the top 20 cryptocurrencies in the world shortly after its launch
The Trump coin ($Trump) made a big splash when it launched, riding on the popularity of Donald Trump. Trump-affiliated entities hold 800 million of the billion $Trump tokens created, while the public can purchase the remaining 200 million. In just a few days, the coin’s value skyrocketed by over 300 per cent, briefly placing it among the top 20 cryptocurrencies in the world.