The launch of the Trump token, which hit a $15 billion valuation, rides the trend and raises questions. Axios reporter Brady Dale explains what a meme coin is and what owners can actually do with them.

Indeed, the traders most affected by the erosion of the token’s value remain first-time investors. “These are largely new retail buyers,” said the blockchain analytics firm

The meme coin market has been buzzing like never before. What started as a joke, with coins like Dogecoin and Shiba Inu, has morphed into a multi-billion-dollar industry. Despite market volatility, meme coins continue to draw significant attention,