by Victoria Turk on (#6V5GM)
Are they the same as crypto, why has the US president launched one, and who's really coining it in? Here's a complete guide to the latest digital money maniaThree days before his inauguration as US president, Donald Trump made an unusual move. He launched $Trump, a so-called meme coin that fans and speculators could buy in the hopes it would gain value. Initially, $Trump soared from a value of $7 to $75 per coin in a day, according to crypto price-tracking website CoinMarketCap. Two days later, it dropped to about $40 - just as incoming first lady Melania Trump launched her own meme coin, $Melania. Even the pastor at Trump's inauguration ceremony, Lorenzo Sewell, got swept up in the meme coin frenzy, promoting a $Lorenzo version the same afternoon.So what exactly are meme coins, and why is everyone and their vicar suddenly getting involved?