Donald Trump's recently launched cryptocurrency, known as $TRUMP, has experienced a surge in market value since its launch.
On Monday, the token surpassed $10 billion in market value, thanks in part to enthusiasm surrounding the current administration's positive stance toward cryptocurrencies.
The memecoin, which launched on Friday night, saw a significant increase in value, rising from less than $10 to a high of $74.59 before settling at $33.88 on Monday.
This has drawn criticism from ethics experts, but the token has gained traction.
This expansion of Trump's involvement in the crypto world comes at a time when his administration is seen as promoting a positive environment for cryptocurrencies.