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The TRUMP coin surge makes it the second-largest meme coin with $13B market cap, trailing only Dogecoin, after rapid exchange listings.

Trump announced the launch of his meme coin, $TRUMP, in a Truth Social post late Friday, saying the cryptocurrency is celebrating “WINNING” the presidential election and his upcoming inauguration. The price of $TRUMP rapidly rose by more than 300% by Saturday morning,

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!

Ahead of his inauguration, President-elect Donald Trump launched the $TRUMP meme coin. The crypto, which had captivated attention over the weekend, has seen a 60% dip in value from its highest point.

Donald Trump's memecoin saw a rapid rise before crashing 40% after the launch of Melania Trump's $MELANIA coin, which surged to a $5 billion market cap.