Speaking to reporters on Tuesday, President Donald Trump commented on the hype for the TRUMP meme token.
"I don't know much about it, except that I launched it. I heard he was very successful. I haven't checked," Trump said.
When a reporter reported that the token had raised billions of dollars in just a few days after its launch, Trump quipped: "Several billion? It's a small thing for these guys," pointing to SoftBank CEO (TYO:9984) Masayoshi Son, Sam Altman from OpenAI, and Oracle co—founder Larry Ellison, who were in the audience. 
Over the weekend, the market capitalization of TRUMP, created on the Solana blockchain, exceeded $13 billion, briefly overtaking Shiba Inu (SHIB) in the world ranking of cryptocurrencies and becoming the second largest memcoin after Dogecoin (DOGE). Now the market capitalization of TRUMP has dropped to $8.5 billion, and the token is trading at $42.5.