On Wednesday, May 8, 2025, the price of token $TRUMP experienced a decline, trading in the range of $10.85, down about 0.51% in the last 24 hours. This decline reflects the pressure faced by the token amidst various controversies and increasing regulatory scrutiny.

Factors Causing the Decline in TRUMP Price

• Increased Regulatory Scrutiny

Senators Richard Blumenthal and Chris Murphy announced an investigation into Donald Trump's involvement in the launch of the TRUMP token. They highlighted potential conflicts of interest and allegations of abuse of power for personal gain through the digital asset. Senator Murphy even proposed legislation to prohibit federal officials from issuing or supporting digital assets such as the TRUMP token.