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.

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.

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!

President-elect Donald Trump announced the launch of a new meme coin — a type of cryptocurrency that generally has little to no value — just days before his inauguration.

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

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

These companies’ executives have already traveled to Washington, D.C. for the inauguration and its high-profile events.

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.

Cryptocurrency executives swilled cocktails and danced to rap superstar Snoop Dogg on Friday night as they celebrated the approaching inauguration of President-elect Donald Trump, whose administration has promised major changes in crypto policy.

The cryptocurrency surged in value hours after going on sale, days before his inauguration. Read more at straitstimes.com.