President-elect Donald Trump posted on his social media platform, Truth Social. “My NEW Official Trump Meme is HERE!” read the post, with an accompanying link and a picture of the incoming president,

A president-elect launching a new business product is a highly unusual move, and it is a major concern for ethics watchdogs.

Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain’s native SOL token set fresh highs above $275 as the incoming U.S. president backed a new Solana-based TRUMP token Friday night, calling it his “official” memecoin.