Days before his inauguration, President Donald Trump unveiled his own cryptocurrency called $TRUMP. The move raised eyebrows among experts in the field as it may entail a conflict of interest or undermine the adoption of the emerging technology.

Dawgz AI is an emerging blockchain project that merges AI-driven trading algorithms with meme coin culture. The project recently reported surpassing $1 million in its third presale round, highlighting continued engagement in its early-stage development.

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.