AsianFin -- U.S. President Donald Trump's popular meme coin, released one day before his swearing-in, had significant volatility on Tuesday after he tried to keep a distance from the $8 billion project. 

"I don't know much about it other than I launched it," Trump said at a tech executive meeting. "I heard it was very successful. I haven't checked."

After surging to a 24-hour high of $48.18, the Trump meme coin fell 16% to $40.29 immediately following his comments.