Trump Coins Crash After WHCD Shooting Shocks Washington
The Official Trump (TRUMP) meme coin fell 14% on Saturday. The decline got here as a gunman charged a Secret Service checkpoint on the White House Correspondents’ Dinner. President Trump, Vice President JD Vance, and Cabinet members had been evacuated from the Washington Hilton ballroom.
Cole Tomas Allen, 31, of Torrance, California, opened fireplace close to the checkpoint at about 8:36 p.m. and was detained. One Secret Service agent was struck in his bulletproof vest and is in good situation.
Trump Tokens Slide Despite Crypto Pep Talk
Trump’s Saturday handle to meme coin holders at his Mar-a-Lago gala didn’t raise the token. TRUMP traded close to $2.63 by Sunday, down 96% from its January 2025 peak of $73.43. Daily quantity sat close to $597 million.
The slide extends a tough month for Trump-linked tokens. World Liberty Financial (WLFI), the family-backed governance token, traded close to $0.075 on Sunday. That marks an 82% drop from its September high. Lending controversies and a fraud go well with from investor Justin Sun pressured holders.
Bitcoin (BTC) held its floor at $77,508 over the weekend, up about 13% for April. The reserve asset has decoupled from Trump-branded tokens. Traders cited prolonged Iran ceasefire talks and Strategy’s $2.5 billion bitcoin buy as the primary drivers.
Charges and What Comes Next
Allen faces federal costs, together with utilizing a firearm throughout a criminal offense of violence and assault on a federal officer. According to investigators, he acted alone and was carrying a shotgun, a handgun, and knives. Meanwhile, his arraignment is scheduled for Monday in federal courtroom.
Trump described the attacker as a “lone wolf” in remarks after the evacuation. Allen labored as an educator in Torrance. He obtained a “Teacher of the Month” award in late 2024.
Markets will monitor whether or not the safety incident dampens urge for food for politically tied tokens. Another Mar-a-Lago crypto occasion remains to be drawing whale curiosity regardless of Saturday’s selloff.
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