Although it is backed by the current US president but I want to tell you this. Even if it was backed by the president, it would still be just a memecoin, and investing in memecoin is very risky and I think you know that.

You can invest in it and try your luck but as I said investing in altcoins especially memes is very risky. So only invest money that you can afford to lose, an amount that is equivalent to the amount you would use for gambling and is guaranteed not to affect you too much.