$TRUMP Is Trump Coin Price Doomed to Disappear Into Irrelevance After Crypto Dinner?

Explore why Trump Coin price could sink lower as whales continue selling Coins after last week's Crypto Dinner with top holders.

Widespread Whale Sell-off Tanked Trump Coin Price by 20%

In what to be a classic ‘buy the rumor, sell the news’ scenario, the meme coin has continued to crash both before and in the days following the event, despite having gained 43% from $9.10 to $16.43 after the dinner’s announcement on May 23, 2025.

The sudden drop left many investors questioning whether insider profit-taking played a role, as blockchain data revealed large wallets offloaded significant amounts of Trump Coin in the hours following the dinner, suggesting the event may have marked a local top rather than a new beginning.

According to data from SOL scan, only eight of the twenty-five wallets that qualified for the VIP access retained their tokens the next day after the dinner. As a result, the total average holdings in the VIPs’ wallets dropped from 4.78 million to $2.11 million.