What makes a meme coin worth billions

What this episode covers

President Donald Trump launched the meme coin $TRUMP, which experienced a price increase from $8 to nearly $75 before stabilizing around $40. This surge raised Trump’s crypto holdings to approximately $58 billion. Meme coins, a type of cryptocurrency inspired by personalities and trends, attract online communities and utilize blockchain technology for transactions. Currently, 200 million of the total 1 billion $TRUMP coins are traded, with the rest scheduled for release over the next three years. The branding features an image of Trump alongside the phrase "FIGHT FIGHT FIGHT." First Lady Melania Trump also debuted her coin, $MELANIA, achieving a market value over $5 billion.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.

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This episode was published on January 21, 2025.

What is this episode about?

President Donald Trump launched the meme coin $TRUMP, which experienced a price increase from $8 to nearly $75 before stabilizing around $40. This surge raised Trump’s crypto holdings to approximately $58 billion. Meme coins, a type of...

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