Trump Became Crypto Billionaire Overnight Thanks to ‘Trump Meme’ Coin

President-elect Donald Trump‘s new cryptocurrency token has made him a billionaire many times over, but concerns remain over the ethics of the scheme in light of his presidency.

According to Axios, Trump’s crypto holdings reached $58 billion in worth on paper that when put together with his other assets could put him among the richest people in the world.

Trump announced the launch of the token, which he is calling “$TRUMP,” on Friday by inviting his followers to “Join my very special Trump Community.” The cryptocurrency‘s slogan reads: “Join the Trump Community. This is History in the Making!”

Marketing materials for the coin depict Trump with a raised fist following the assassination attempt against…

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