Here's how much money Trump made from $TRUMP meme coin

Newly elected U.S. President Donald Trump is taking the oath of office for the second time today. However, just two days before the inauguration, the launch of his cryptocurrency tokens has significantly increased his wealth.

On Friday night, Donald Trump announced the launch of a meme coin cryptocurrency called $TRUMP. Soon after, its market capitalization reached $12 billion, and within the last 24 hours, the trading volume exceeded $40 billion.

On Friday, the price of one token was $10, but by Sunday morning, it quickly rose to $72.

Two days after the launch, $TRUMP became the 19th most valuable cryptocurrency in the world, with Trump's company issuing two million tokens.

Before launching the cryptocurrency, Donald Trump's wealth was estimated at $6.7 billion, but thanks to the meme coin, his wealth has increased by $12 billion. This increase is due to the investments made by crypto investors in his coin.

As a result, after launching $TRUMP, Donald Trump has become one of the wealthiest people in the world.

While this sudden increase in wealth is significant, Donald Trump is facing heavy criticism for the move. Analysts argue that he used his official position to promote the cryptocurrency for personal gain. They question whether it's ethical or legal for a U.S. president to use their fame and status for business purposes.

On the other hand, cryptocurrency experts are debating whether the massive investment in the coin will keep its value stable in the future. They fear that cryptocurrencies launched with artificial attention might lose value quickly, which could risk  billions of dollars invested by people.

In addition to Trump, his wife, Melania Trump, also announced the launch of her cryptocurrency called MELANIA on Sunday, which has already attracted $1.7 billion in investment.