The president-elect and his family have a direct and potentially lucrative stake in the sale of a cryptocurrency product that surged in value in the hours after going on sale, days before his inauguration.

President-elect Donald Trump launched a cryptocurrency called $TRUMP on Friday night, taking the crypto world by storm and making some investors big money overnight.

Donald Trump’s latest business venture, a meme coin, has reportedly made a whopping $25 billion since its release Friday night, reported Axios. “My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!

The new $TRUMP meme coin – a type of cryptocurrency – launched Friday night with posts on Trump's Truth Social social media platform and on X, the social network previously known as Twitter. According to the coin's website, gettrumpmemes.com, there are 200 million $TRUMP coins available now, with plans to have 1 billion over the next three years.

The release was wildly successful - but a major cause for concern was identified overnight - one that could prompt serious questions for the new President

US President-elect Donald Trump unveiled his own cryptocurrency, $TRUMP, leading to a market frenzy. The coin's market capitalization soared to nearly

US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization soaring on Saturday to several billion dollars.

WASHINGTON — Donald Trump has launched his own cryptocurrency ahead of Inauguration Day. The president-elect took to his Truth Social platform to get the word out.

The price of $TRUMP has risen by more than 300% to just below $29 as of 10:15 a.m. EST Saturday, reaching a market cap of $5.81 billion, according to CoinMarketCap.

Donald Trump has launched a new meme coin, according to posts from his X and Truth Social accounts last night. The posts, which have come just days before Trump’s inauguration, were initially met with suspicion by many that his accounts had been hacked.

Advocates and holders of crypto will soon influence U.S. policy on the emerging technology after a slew of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.