President-elect Donald Trump has launched a new cryptocurrency token that's soaring in value and potentially boosting his net worth.

Meme coins have shown over and over that they can provide life-changing gains for early investors. Some meme coins possess the unique blend of community, innovation, and captivating narratives that could propel them to significant gains.

The new president's $Trump coin won't surprise those who understand him but will likely vex some powerful people, SkyBridge's Anthony Scaramucci said.

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.

President Donald Trump promised crypto investors he’d usher in an era of legitimacy for an industry that’s long been relegated to the financial wilderness — dismissed by some mainstream investors as an highly speculative bet at best or an elaborate Ponzi scheme at worst.

An illustration featuring U.S. President-elect Donald Trump holding Bitcoin is displayed outside a cryptocurrency exchange store after Bitcoin soars above $100,000, in Hong Kong, China, December 5, 2024.

The Digital Chamber founder and CEO Perianne Boring discusses President Donald Trump’s executive order regarding cryptocurrency on ‘Fox & Friends Weekend.’