Trump's Crypto Fortune: A Billionaire's New Asset

In the days leading up to his inauguration, Donald Trump's family saw a significant boost in their wealth. Their new cryptocurrency tokens, often referred to as memecoins, hit a value of over $10 billion. This sudden rise happened just before Trump took office. On Monday, the popular trading platform Robinhood started offering the $TRUMP coin to its customers. This is unusual, as memecoins aren't typically traded on major platforms. These coins are tied to online jokes or celebrity mascots.

Trump announced the launch of the $TRUMP coin on Friday night. Another token, $Melania, went on sale later on Sunday. Those close to Trump seem to control most of these tokens, which will be gradually released over the next few years. Before the tokens started trading, Forbes estimated Trump's net worth at $6. 7 billion, largely from his Trump Media and Technology Group, which runs Truth Social.

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