A new meme coin launched by President-elect Donald Trump on Friday has a market capitalization of about $9 billion—after hitting a peak of over $15 billion early Sunday—marking Trump’s latest venture into cryptocurrency and merchandise sales in the lead-up to his inauguration.

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

Billions have already been wiped from the value of the latest cryptocurrencies, with experts warning of more volatility

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.

While the launch of meme coins from the Trump family marks a milestone in crypto, some say it still represents a "concerning trend."

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

Just before his January 20 inauguration, President Donald Trump launched a cryptocurrency named after himself, which quickly accumulated a market cap of approximately $32 billion (Axios reported that it hit a high of more than $52 billion).

Trump’s memecoin launch created billions in new wealth but didn’t generate substantial capital inflows into the crypto market. The token attracted 400,000 new crypto users,

President Donald Trump and First Lady Melania Trump launched meme coins just before the inauguration. But not everyone is happy about it.