In the past 24 hours, the Trump meme coin hit its high of $16.17 before falling to trade at $11.96 as of 10:15 am on Thursday, April 24.

The post on a website promoting the $TRUMP coin is the latest in a flurry of cryptocurrency-related forays undertaken by Trump and his family that have garnered them hundreds of millions of dollars in fees alone.

The $TRUMP coin, which was launched before the US president’s January 20 inauguration, had touched as high as $74.59 before falling to a low of $7.14 on April 7. Soon after the launch on January 17, the price of “official" Trump memecoin #TRUMP surged and placed the memecoin in the top-20 cryptos by market capitalisation with the total valuation of $14 billion.

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$TRUMP