The Official Trump cryptocurrency's token price is climbing higher Tuesday. The recently launched meme coin was up 6.5% over the past 24 hours of trading in a day of bullish momentum for the broader market.

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,