Donald Trump wasted no time selling a memecoin named after himself after his inauguration and the coin hit a theoretical market cap of $60B.

This must be seen as crossing of a proverbial rubicon. Some call this grift and some might call this clever move but we will see more of this happening now that the celebrities have figured out a clever new way to grift off their fanbase. The hawk tuah girl too was accused of scamming her fans when she made millions off her memecoin earlier.

There are news reports that MrBeast, the most popular youtube start of these times is also planning his own memecoin.

One of the reason why we are here is because the Biden administration chose not to pass any legislation but rather arm twist tech firms through the shady regulations. Now the pendulum has swung in other direction and Trump admin will probably allow anything as long as he gets a cut.

Trump Memecoin is a cryptocurrency that leverages the polarizing and highly recognizable persona of former U.S. President Donald Trump. Often created as a satirical or humorous digital asset, Trump Memecoin taps into the internet's fascination with memes and political commentary. Like other meme-based cryptocurrencies such as Dogecoin or Shiba Inu, it thrives on community engagement, viral trends, and speculative trading. The coin's value is typically driven more by its cultural relevance and the enthusiasm of its supporters than by any intrinsic utility or technological innovation. While some view Trump Memecoin as a playful nod to political satire, others see it as a speculative investment or a way to express support for Trump's brand. As with all meme coins, it carries significant volatility and risk, making it a controversial yet intriguing addition to the crypto space.

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