Days before his inauguration, President Donald Trump unveiled his own cryptocurrency called $TRUMP. The move raised eyebrows among experts in the field as it may entail a conflict of interest or undermine the adoption of the emerging technology.

The cryptocurrency market is always buzzing with fresh trends, and meme coins are certainly part of the conversation. From Dogecoin to Shiba Inu, meme coins have proven their staying power, despite some dismissing them as fleeting trends.

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.