Brendan Burgess
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Trump launches meme coin, $TRump days before return to White House
Hours after its launch, the market capitalisation for $Trump reached nearly $5.5bn (£4.5bn).
www.bbc.com
US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars.
His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US.
Meme coins are used to build popularity for a viral internet trend or movement, but they lack intrinsic value and are extremely volatile investments.
By Saturday afternoon, hours after its launch, the market capitalisation for $Trump reached nearly $5.5bn (£4.5bn), according to CoinMarketCap.com.