Trump-Boosted Memecoin Surges 100%, But Is Rally Sustainable?

A recent surge in the price of Memecoin has been attributed to an endorsement by former US President Donald Trump, with prices increasing by over 100% in a short period.

The move is seen as a classic example of 'meme pumping,' where a celebrity's influence leads to a rapid increase in interest and value for a particular cryptocurrency.

Trump's involvement has been met with skepticism by some, who question the long-term sustainability of such a rally. Others are concerned that the lack of fundamental value behind Memecoin may lead to a sharp correction in price once the hype dies down.