The price of $Trump has dropped to around $17, resulting in cumulative losses of $2 billion for several investors.

D onald Trump’s launch of a new cryptocurrency called $Trump just days before his inauguration caused a frenzy in the crypto market. Some early traders made huge profits, with o

Trump’s $TRUMP meme coin launch has led to 700+ fake copycat tokens, insider trading suspicions, and ethical concerns.

It includes an image of him raising his fist in the air and the words "fight, fight, fight" — a reference to his reaction after an assassination attempt last July. The token is marketed as "a piece of history," with Trump described as "the crypto president."

The launch of the Trump token, which hit a $15 billion valuation, rides the trend and raises questions. Axios reporter Brady Dale explains what a meme coin is and what owners can actually do with them.

Worried that you missed Trump Coin’s 40,000% increase? Fear not and start making profits now by discovering the best crypto presales to invest in!

"That coin is a joke," one Trump supporter who said he lost money on the president's memecoin wrote on social media