Memecoins are cryptocurrencies that begin with an internet meme or a joke. Speculative and volatile, they are held up by skeptics as proof that crypto will never compete with traditional finance.

Speaking to reporters on Tuesday, President Donald Trump briefly addressed the TRUMP memecoin, which debuted on January 17, just days before his inauguration. “I don’t know much about it other than I launched it,

President Trump shrugged off the news that he made billions of dollars through the launch of his new meme crypto coin. During a press conference Tuesday, his first full day back in the White House, Trump was asked by a reporter if he intends to continue products that benefit himself,