$BTC The cryptocurrency backed by the elected President of the United States, Donald Trump, has increased by more than 28,000 percent in 36 hours, with speculation that his wealth has multiplied approximately 10 times as a result.

The rise of the meme coin that has been dubbed (Trump) has surpassed the gains of the S&P 500 index from 1971 to now; that is, more than the returns of 54 years of investment.

The Trump cryptocurrency is currently trading above $56, which places the total market capitalization at $11.5 billion, and between midnight on Sunday, Eastern Time, until six in the morning on Sunday, the value of the cryptocurrency doubled and reached its peak at $75.35 before pulling back a bit due to profit-taking by early investors.