Most of the major cryptocurrencies are in the green Friday morning, including Bitcoin and Dogecoin, but Trump's Solana token sits in the red.

It is a reference to the so-called market capitalisation. $Trump’s peaked at $15 billion, but is currently $7 billion. To put the $8 billion drop into context, it is equivalent to around half the value of large Australian companies like Coles and Santos.

TRUMP Meme coin, launched by US President-elect Donald Trump, surged 300% in hours, reaching nearly $6 billion in market cap. This rapid rise positions it as a potential challenger to Dogecoin. Its future success depends on sustained community interest and Trump’s brand appeal.

Even by Trump standards, it is extraordinary that an incoming president would create such a large conflict of interest just before assuming office.

President Donald Trump’s goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins — a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.

The launch of $TRUMP and $MELANIA crypto coins has disappointed some in the crypto industry, who fear they amplify the sector’s sillier and scammier side.

President Donald Trump and First Lady Melania Trump both launched meme coins on Monday, but experts say they may not be reliable investments.

Cryptocurrency fans may have gotten more than they bargained for when the president and his wife launched a pair of tokens last week.