Donald Trump meme coin TRUMP bounced back 20% after a steep correction triggered by the President saying he didn't know much about the token.

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.

Now there's a $MELANIA meme coin to go with the $TRUMP cryptocurrency meme coin. Both coin prices rose to generate billions of dollars.

According to a disclaimer on the Trump Meme website, Trump Organization-affiliated entities hold 80 percent of the cryptocurrency, and will earn profits from the "trading revenue" generated through sales.

Based on 2000s meme culture, memecoins started out as a satirical subset of crypto but have since evolved into something far more.

The soon-to-be First Lady introduced $MELANIA on Sunday, after which her husband's meme coin saw a significant price drop.

Just days after President Donald Trumplaunched his new crypto token, two asset management firms jointly sought regulatory approval to debut an exchange-traded fund tied to the digital currency or "meme coin,

Melania Trump launched her own cryptocurrency, $MELANIA, following the success of her husband’s $TRUMP meme coin. Analysts see profit potential in $TRUMP, but ethics experts criticize it as exploiting the presidency. Meme coins like $TRUMP and $MELANIA are highly speculative, with limited utility and significant risks for traders.

President Donald Trump promised crypto investors he’d usher in an era of legitimacy for an industry that’s long been relegated to the financial wilderness — dismissed by some mainstream investors as an highly speculative bet at best or an elaborate Ponzi scheme at worst.

Official Trump and Melania meme coins embarked on a massive rally this weekend before plunging. Here's what to know about the President's crypto.

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.