Trump finally responded to MeMe coin.
Not quite familiar? The premium skyrocketed. The issuance price was $0.1824, with a maximum premium reaching $75.35, soaring 413 times. The 200 million Trump coins listed have a market value of over $15 billion! He said he wasn't too familiar with it.
Trump coin is a type of virtual cryptocurrency, known as a meme coin. Due to its incomplete monetary function and lack of actual monetary backing, it cannot strictly be called currency; it is more akin to a commemorative token (coin) issued outside of banks, and is even less stable than stocks!
In a very short time, it can skyrocket or plummet. The value of a personally issued meme coin is closely linked to the individual's wealth, strength, credibility, etc., for example, the value of Dogecoin, which was supported by Musk, corresponds to Musk's status in the eyes of investors.
