Days before his inauguration, President Donald Trump unveiled his own cryptocurrency called $TRUMP. The move raised eyebrows among experts in the field as it may entail a conflict of interest or undermine the adoption of the emerging technology.

Meme coins have burst onto the crypto scene like wildfire, captivating investors with their unique charm, quirky community spirit, and explosive potential. From the legendary Dogecoin, which started as a joke but now has a massive following,

Donald Trump’s namesake memecoin has likely generated at least $11.4 million in fees for entities linked to the president since its launch just before his second inauguration, according to an analysis by the crypto risk modeling firm Gauntlet.