Meme coins like the ones recently launched by United States President Donald Trump and his wife, Melania, are a hot trend in the cryptocurrency ecosystem. The rise of these digital tokens reflects the influence of internet culture and community-driven hype on the market,

Tuttle Capital has filed for 10 leveraged crypto ETFs, including four memecoins, including the recently-launched $TRUMP and $MELANIA tokens.

The daily performance returns of these tokens will be tracked and generated through swaps, call options, and direct investments, per the filing.

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

Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility

Digital currencies values surges amid expectation that new administration will support ‘crypto-friendly’ environment

Within hours, TRUMP skyrocketed in value, climbing from pennies to over $50, with a market cap over $10 billion. The coin now ranks among the world’s top 20 digital assets, attracting both investors and critics. Trump’s business arm holds 80% of the tokens, set to release gradually during his presidency.

Two days after Donald Trump launched a memecoin that soared to $6.5 billion overnight, Melania Trump announced her own memecoin, adding to concerns the pro-crypto president is crossing ethical boundaries in an industry his administration will regulate.