Tech titans Amazon and Meta each contributed $1 million to Trump’s inaugural committee. The companies’ respective founders, Jeff Bezos and Mark Zuckerberg, have publicly cozied up to Trump in recent months and attended his inauguration at the Capitol. The Biden administration led antitrust lawsuits against both companies.

President Donald Trump’s inaugural committee received millions of dollars in donations from firms in the cryptocurrency industry that’s already seeing special attention from his administration, disclosures filed with the Senate Office of Public Records show.

Days ahead of Trump's inauguration as President of the United States, scheduled for Monday, Jan. 20, Trump launched the $TRUMP memecoin on crypto platform Solana. The President-elect posted the news from his official X account, making it as official as can be.

TRUMP's price and trading volume have both fallen dramatically, but President Trump's Solana meme coin still has ardent backers.

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.