Newsletters Traders lose millions on 'fake' Barron meme coin that has no link to Trump's sonA fake $BARRON meme coin inspired by Donald Trump's son but with no official link surged by 90% in a minute before completely losing its value. 16:28 ET, Tue, Jan 21, 2025 | UPDATED: 16:28 ET, Tue, Jan 21, 2025 Link copied Bookmark Barron Trump was loving the crowd at his father's inauguration (Image: Getty)Traders have lost millions of dollars on a 'fake' Barron Trump meme coin.Before Monday's inauguration, Donald and Melania Trump launched a pair of meme coins that at one stage were worth billions.Trump's cryptocurrency token skyrocketed in value but came crashing down in spectacular fashion, leading copycats to create an unofficial coin for Barron, 18. Meme coins are cryptocurrencies often built around popular internet trends and lack substantial utility, making them prone to volatile price swings The fake $BARRON meme coin, inspired by Trump's youngest son but with no official link, surged by 90% in a minute before completely losing its value.Barron was front and center of the inauguration (Image: Getty)One trader claimed they lsot a staggering $1 million in just two hours, with many mistakenly thinking it was connected to Barron.This came after Trump's coin went on sale on Friday, with the President writing on X: "My NEW Official Trump Meme is HERE!"Its time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com Have Fun!"Melania Trump launched her cryptocurrency $MELANIA on Sunday, sending Trump's cryptocurrency plummeting.She wrote: "The Official Melania Meme is live! You can buy $MELANIA now. https://melaniameme.com." Trending Invalid emailWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy PolicyWhile Barron might not have a meme coin just yet, he is following in his father's footsteps in the business world.He is reportedly getting read to launch a luxury real estate venture with two young business partners, according to Newsweek.The venture, based at Trump's home at Mar-a-Lago in Palm Beach, will launch in spring this year.Barrons co-founder, Cameron Roxburgh, said their original company was paused to avoid election-related media attention. Related articles Most read in Politics Latest videos SEARCH News Entertainment Latest News Sports TravelTHE-EXPRESS.COM IPSO Regulated Copyright 2025 Express Newspapers. "Daily Express" is a registered trademark. All rights reserved. Would you like to receive news notifications from The Express?