Now there's a $MELANIA meme coin to go with the $TRUMP cryptocurrency meme coin. Both coin prices rose to generate billions of dollars.

Donald Trump’s launch of his meme coin — coupled with low public understanding of crypto assets — could lead to financial losses from risky and speculative investments.

Meme coins, which often start as jokes with no real value, are volatile cryptocurrencies that can skyrocket in price if enough people are willing to buy them.

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.

Meme coins have always been divisive, but Trump and Melania’s entry into the space seems to be pushing some retail investors over the edge. A recent Stocktwits poll reveals that 31% of retail investors feel that the creation of these meme coins is driving their dislike for the crypto market,