Trump launched a meme coin that quickly gained value.

Donald Trump, the newly elected American president, launched the cryptocurrency $Trump, whose price quickly rose to nearly 5.5 billion dollars. This project is managed by CIC Digital LLC, a subsidiary of the Trump Organization. The cryptocurrency is not intended as an investment opportunity, nor is it connected to politics. Critics have accused Trump of profiting from the presidential elections. Investors hope that the Trump administration will support the crypto industry. Trump previously stated that America will become the “crypto capital” when he returns.