$TRX Halts Below $0.30 as Justin Sun Attends $TRUMP Dinner
Tron (TRX) price nears $0.30 amid controversy as Justin Sun attends Trump dinner.
Here’s how market sentiment and derivatives impact TRX price.
A high-profile dinner hosted by Donald Trump for holders of his TRUMP memecoin triggered a political and market ripple effect, especially for TRON (TRX).
Justin Sun’s appearance at the event, held May 23 at Trump National Golf Club near D.C., became a flashpoint.
Sun, founder of TRON and an early investor in meme tokens, joined a select group of top investors in the official TRUMP Memecoin token launched at inauguration.
The Trump Memecoin dinner took a controversial turn as over 100 demonstrators rallied outside, chanting, “America is not for sale.”
According to Bloomberg reports, the protesters decried political grifting and questioned the influence of foreign crypto billionaires in U.S. politics.
During the dinner, Trump reiterated his promise to make America “a crypto leader,” TRX reacted negatively to the surrounding media buzz and ethical debates.
As seen in the chart below, TRON price grazed the $0.27 territory before slipping 0.9% to $0.266 on May 24, according to CoinGecko.
The pullback came after a market capitalization high of over $25 billion, placing TRON back in the top 13 crypto assets globally.
TRX’s inability to break through $0.30 appears linked not just to technical resistance but broader uncertainty over regulatory sentiment and retail confidence.
Market watchers note that political entanglement between Justin Sun and Trump may dampen appeal for institutional investors.
Others anticipate TRX could enjoy positive tailwinds as Trump’s administration advances crypto-friendly policies.
