When Donald Trump's companies released a celebrity meme coin just ahead of the presidential inauguration, it set a new standard for instant hype in a cryptocurrency launch, based on fresh research from a blockchain tax startup.

By associating himself so closely with meme coins, some crypto fans worry that Trump hurts his chances to help the wider crypto industry.

The meme coin market has become one of the most exciting corners of cryptocurrency, offering not only humor and creativity but also substantial investment opportunities. What began as a lighthearted trend has evolved into a serious sector,