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Meme coins are cryptocurrencies created based on humorous memes or internet jokes. Anyone familiar with the crypto landscape knows the rapid emergence of new meme coins, particularly in response to trending figures or topics. The launch of Trump's meme coin is just one among thousands that have appeared recently, driven by a unique blend of humor and speculation. However, it’s pivotal to be aware that a large percentage—around 99%—of these coins can be classified as rug pulls, which involves creators exiting the project and leaving investors with worthless tokens.