Meme coins have become the crown jewels of the crypto world, capturing hearts and portfolios alike with their quirky appeal and jaw-dropping returns. What started with Dogecoin as a playful nod to internet culture has since exploded into a full-fledged phenomenon,

The driving force behind meme coins and why the launch of Donald and Melania Trump meme tokens sparked an outcry.

Crypto analysts report 6,800 fraudulent tokens and 91 fake dApps since $TRUMP made its $72 billion debut, as reported by Crypto News. The coin, which President Trump admitted himself that he “didn’t know much about,” was launched to great success, achieving a market cap of $72 billion 48 hours before its launch.