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The rise of meme coins. A meme coin is a type of cryptocurrency that draws its inspiration from internet memes, characters or trends. In this case, Donald Trump’s second term and the subsequent ...
The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [3]
How much is the new Trump meme coin? On Saturday at 1 p.m. ET, the Trump coin was trading at about $31, according to crypto exchange GeckoTerminal. When trading started, the coin's value was 18 ...
The lack of inherent value makes meme coins especially volatile and speculative, which, to some, is part of their appeal: If investors buy at the right time, they can make a lot of money.
A meme coin (also spelled memecoin) is a cryptocurrency that originated from an internet meme or has some other humorous characteristic. [ 1 ] The term is sometimes used interchangeably with the term shitcoin , which typically refers to a cryptocurrency with little to no value, authenticity, or utility. [ 2 ]
The coin, which goes by the trading ticker TRUMP, is known as a "meme coin," a highly speculative kind of cryptocurrency that has no inherent utility and is often created based on a joke or parody ...
Trump’s meme coin shot up after its launch Friday, from about $6.50 to $75 on Sunday, according to data from Coingecko. Then it tumbled, losing more than half its value on Monday as Trump ...
Trump's meme coin is illustrated with an artistic interpretation of Trump pumping his fist in the air, symbolizing his movements after the assassination attempt against him at a rally in July 2024.