A new meme coin launched by President-elect Donald Trump on Friday has hit a market capitalization of $13 billion, marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.

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

President-elect Donald Trump launched his own meme coin early Saturday morning, creating excitement in the cryptocurrency world as the price and market capitalization of the coin immediately soared.

US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization soaring on Saturday to several billion dollars.

The surging token had a market cap above $9 billion as of Sunday afternoon.

The new Official Trump ($TRUMP) meme coin skyrocketed to a $21 billion fully diluted market cap – Next big meme coin, or too good to be true?

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.

"The Trump meme coin stuff is bad for the industry. Don't delude yourself," Anthony Scaramucci wrote on Saturday.

President-elect Donald Trump launched a memecoin on Friday that quickly topped a $10 billion market cap after nearly just an hour. A tweet from his Truth Social account and his verified X account announced $TRUMP just before 10 PM EST.

President-elect Donald Trump announced what appears to be an official Solana meme coin called TRUMP on his Truth Social account.