Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.

Meme coins, which often start as jokes with no real value, are volatile cryptocurrencies that can skyrocket in price if enough people are willing to buy them.

The launch of the Trump token, which hit a $15 billion valuation, rides the trend and raises questions. Axios reporter Brady Dale explains what a meme coin is and what owners can actually do with them.

President Donald Trump launched his own cryptocurrency on Jan. 17, just a few days before the fascist leader took office for a second time. And while the memecoin, known as $TRUMP, is clearly a way for the president to profit from the presidency,