Trump’s Crypto Dinner Sparks VIP Sell-Off and Market Dip

Donald Trump’s recent crypto-themed dinner made waves, but not just in headlines. After the high-profile event, several top holders of the TRUMP memecoin quickly moved large amounts of tokens to centralized exchanges, a signal that many were likely cashing out.

According to blockchain data, the average holdings of these VIP wallets dropped from about $4.78 million to just $2.11 million within days. The result? A sharp 14% drop in the TRUMP token’s price, sending ripples through the memecoin market.

The dinner was meant to celebrate key investors and boost support for crypto-friendly policies. Instead, it’s raised fresh concerns over how political figures may influence financial markets, especially when linked to volatile assets like memecoins.

Critics argue that events like this blur the line between politics and investing, especially when insider attendees appear to profit shortly after the spotlight fades. The sell-off highlights the fragile trust in politically driven tokens and renews the call for clearer crypto regulations.

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