Trump era had seen the amount of Crypto rise on the internet space.
President Donald Trump even launched his own meme coun shortly before his inauguration. His wife, Melania Trump, quickly followed suit with another.
The number of circulating meme coins has, therefore, risen. These are Cryptocurrencies that are, sometimes, based on an internet meme or the result of a joke but are always designed to go viral in the hope of increasing their value.
Anyone can create a meme coin online. If it does go viral, it could earn the creator, who is often the largest investor, a windfall. Influencers have caught on and now often leverage their following to capitalize.
Hailey Welch, known to most online as the “Hawk Tuah Girl,” made headlines in December after she launched her own meme coin, $HAWK. The coin’s total market value shot up to almost $500 million before it collapsed after just hours. Welch told Fortune at the time that the coin was not meant to be a “cash grab.” In a post on X Welch said her team did not sell any coins.
