The value of meme coins like “Trump coin” is closely tied to the popularity and influence of specific celebrities.

Xiao Huang: The value of meme coins like “Trump coin” is closely tied to the popularity and influence of specific celebrities. How does this centralized influence impact the decentralized nature of cryptocurrencies?

DOORM: The reliance of meme coins on specific celebrities for value introduces a centralized element to decentralized cryptocurrencies. The value of these coins may fluctuate significantly based on the celebrity’s influence and popularity.[Float-Menu id=”1″]