President Donald Trump launched a crypto coin a few days before taking office—but after an initial rally, its price dropped on Tuesday. Shares of Trump’s media company saw similar market moves on his first full day back in office.

This article was originally published on WealthyVC.com. On a historic inauguration day, the cryptocurrency market experienced an electrifying surge, led by a record-breaking performance by Bitcoin (BTCUSD) and Donald Trump’s new memecoin,

Trump launched the digital token with branding including an image from an assassination attempt on him in July.

Just days after Donald Trump sparked a speculative and controversial crypto frenzy — by launching namesake digital tokens in the run-up to his presidential inauguration — an upstart ETF firm is pitching an exchange-traded fund that will go all-in on the branded Trump coin.

Official Trump and Melania meme coins embarked on a massive rally this weekend before plunging. Here's what to know about the President's crypto.