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.

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.

President Donald Trump's official meme coin isn't just rubbing some cryptocurrency executives the wrong way -- it's also annoying some of his run-of-the-mill MAGA supporters. The Guardian has flagged some comments posted on a pro-Trump subreddit recently that show disillusionment with Trump's decision to launch his own digital currency,