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Trump, Melania launch meme coins: What are they?

  • President Trump launched new meme coins, $TRUMP and $MELANIA, which are valued at a combined $9.5 billion as of Monday afternoon.
  • The $TRUMP coin peaked at nearly $75 but fell to about $40, while the $MELANIA coin dropped to around $5.40.
  • Trump's cryptocurrency aims to support his community rather than serve as an investment opportunity, according to the coin's website.
  • Experts warn that meme coins are highly volatile and advise caution for investors, as stated by Nigel Green, CEO of Devere Group.
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