Former Binance CEO Changpeng Zhao (CZ) has denied rumors about creating a meme coin tied to his name, following the success of the TRUMP meme coin. The TRUMP token saw a massive increase in value, reaching a $75 billion fully diluted valuation just one day after launch. However, its trading volume-to-market cap ratio highlights the speculative nature of the token. The launch of Melania Trump's coin, MELANIA, caused a temporary dip in the price of TRUMP before it rebounded. Despite pressure from community members, prominent figures like MrBeast have declined to launch meme coins. The TRUMP token's market activity reflects the ongoing fascination with meme coins despite their risks.



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