Donald Trump’s memecoin experienced extreme volatility, skyrocketing over 75 percent in value following an announcement of an exclusive dinner gala. However, this excitement was short-lived as the cryptocurrency dropped more than 25 percent within just a few hours.

Analysts express concerns regarding the underlying hype and discuss the ethical implications of such investments. The drastic fluctuations highlight the instability often seen in the world of memecoins, advising investors to tread carefully as they navigate this unpredictable territory.