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TRUMP Token Crashes 20% After Mar-a-Lago Event and Trump Team Sell-Offs

After a month of constructing hype round what was described by the POTUS himself because the “most unique” crypto and enterprise convention on this planet, by which many huge names delivered speeches, the meme coin associated to the First Family plunged laborious but once more, wiping out over $160 million from its market cap in hours.

Aside from the occasion hype, there’s one more reason why the asset retains digging new lows.

The Mar-A-Lago Crypto Event

The POTUS and his staff launched the TRUMP (and later MELANIA) meme coin days earlier than his inauguration in January 2025. The asset shortly skyrocketed to be one of many largest crypto property, charting an all-time high of over $73 on CoinGecko inside hours.

However, it has been predominantly downhill since then, and Trump’s makes an attempt to revive it have seen short-term beneficial properties. Earlier this weekend, he hosted the second massive occasion for the largest meme coin token holders at his Mar-a-Lago membership in Palm Beach, Florida. The 297 high patrons who had registered for the competition attended the gathering, whereas the biggest 29 holders went for a “particular VIP reception and champagne toast” with the president.

Trump was the keynote speaker, indicating that he felt an “obligation” to assist the crypto trade:

“As a president, I’ve to have the ability to guarantee that all of our industries do effectively. Crypto is an enormous trade; it’s really develop into considerably mainstream,” he added.

Many of his household’s crypto ventures, together with the meme cash, have confronted intense scrutiny from Democrats and sure regulators. A Reuters report claimed that the First Family has profited greater than $1 billion from crypto asset gross sales, together with $336 million from meme coin sell-offs made solely within the first half of 2025.

It’s value noting that this occasion came about hours earlier than the President returned to Washington and was evacuated from one other dinner after a number of gunshots have been fired.

TRUMP Plummets

As talked about above, the TRUMP token has been nosediving for over a yr, whereas the 2 occasions managed to spice up its value briefly as holders rushed to purchase to attend the gatherings or simply to make the most of the anticipated hype. However, as soon as the occasion concluded, a well-known state of affairs occurred: the asset tanked virtually immediately.

TRUMP peaked at simply over $3.1 yesterday earlier than it plunged by 20% to $2.5. Although it has rebounded barely to $2.65 as of press time, it stays greater than 96% away from its all-time high marked simply over a yr in the past. Moreover, there are a number of experiences that the Trump staff has continued to dump tokens because the asset recovered some floor prior to now few weeks, which is one more reason behind in the present day’s crash.

The publish TRUMP Token Crashes 20% After Mar-a-Lago Event and Trump Team Sell-Offs appeared first on CryptoPotato.

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