Elon Musk and Meme Coins

Elon Musk's antics of late, which include renaming his X handle to 'Kekius Maximus,' sent an obscure meme coin up in value 4800% to a market cap of $380 million. Meme coins are cryptocurrencies inspired by viral moments or memes that surged in value thanks to speculation by traders that the Trump administration would produce crypto-friendly legislation and regulation. According to analysts, meme coins are here to stay and might eventually combine with AI to form new cryptocurrencies.