The recent surge in meme-based cryptocurrencies has been attributed to the so-called 'Trump effect,' following Donald Trump's victory in the 2024 US Presidential Election. Reports indicate that the total value of cryptocurrencies has surpassed that of major corporations, including Apple, while Bitcoin's market value has outstripped that of the world's largest oil company. This phenomenon has led to a significant increase in the popularity and trading volume of meme coins, which are often driven by social media trends and public sentiment. The impact of Trump's election has seemingly transformed the cryptocurrency landscape, with meme coins experiencing unprecedented growth.