By Elizabeth Howcroft, Rae Wee and Michelle Conlin PARIS/SINGAPORE (Reuters) -U.S. President Donald Trump's new crypto token soared to more than $10 billion in market value on Monday, while enthusiasm over his crypto-friendly administration helped briefly lift bitcoin to a new record.

The launch of the $MELANIA token comes just two days after President-elect Donald Trump launched his own meme coin, which has since soared to a market cap of $10 billion.

President-elect Donald Trump and incoming first lady Melania Trump have begun selling new cryptocurrencies. Named $TRUMP and $MELANIA, the projects are meme coins, a type of crypto whose value is

Donald Trump has ventured further into the crypto world with the launch of Official Trump (TRUMP), a Solana-based meme coin. Announced just days before his second-term inauguration, the TRUMP token blends meme culture, politics, and blockchain into one eye-catching package.

Solana’s SOL token erupted this weekend after the release of a meme coin tied to self-proclaimed ‘crypto president’ Donald Trump.

Solana-based applications like Jupiter and Phantom experienced degraded performance due to an "unprecedented surge in activity" following the launch of Melania Trump's meme coin. TRUMP's price plummeted 44% in about an hour, causing strain on Solana's ecosystem and network stability.

The launch of $TRUMP, a meme coin associated with Donald Trump, has thrust the intersection of cryptocurrency, politics, and culture into the spotlight.

The boom in Trump-related crypto ventures comes as he promises to usher in a new "golden age" for cryptocurrencies, in stark contrast to the regulatory scrutiny of the industry the Biden administration enforced.

President-elect Donald Trump has launched a new cryptocurrency token that’s soaring in value and potentially boosting his net worth

That’s the trading volume of $TRUMP in the 24 hours ending Sunday at noon. Key Background. Trump, whose campaign was backed by several billionaires w