A new memecoin promoted by Trump on X and Truth Social has sent expectations of a Trump inauguration bombshell sky

President-elect Donald Trump launched a cryptocurrency called $TRUMP on Friday night, taking the crypto world by storm and making some investors big money overnight.

"You're going to be very happy with me," President- elect Donald Trump told crypto-enthusiasts at a bitcoin conference last summer.

As Bitcoin (CRYPTO: BTC) nears the $106,000 mark, the probability of the U.S. establishing a strategic Bitcoin reserve has surged to an all-time high of 70%. What Happened: Well-known venture capitalist and Bitcoin enthusiast Anthony Pompliano shared data indicating a significant increase in the likelihood of incoming president Donald Trump creating a strategic Bitcoin reserve in 2025.

Donald Trump, the self-styled bitcoin and crypto president, will reportedly issue several crypto-related executive orders on his first day back in the White

Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain personality, movement or viral internet trend, on social media.

Trump says he wants to nurture cryptocurrencies and propel them into the mainstream but there are clear conflicts of interest and these digital currencies remain speculative, risky investments.

Bitcoin had a wild week, dipping below $90,000 before surging above $105,000 just days ahead of Donald Trump's White House return.

President-elect Donald Trump launched his own cryptocurrency Friday night. The $TRUMP meme coin has a near-$6 billion in market cap as of Saturday afternoon, with the bulk of that held by Trump and his businesses.

Explore why investors are riding the iDEGEN wave amid the ongoing demand for meme coins like Donald Trump's TRUMP

The other 80 percent — presumably held by the president-elect and members of his inner circle — is scheduled to gradually enter the market over the next three years. Officially, that supply is owned by the Trump-affiliate organizations CIC Digital LLC and Fight Fight Fight LLC, according to state filings.