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Official $TRUMP Token Faces Market Turbulence Amid Investor Sell-Off and Political Scrutiny
The Official Trump cryptocurrency, popularly referred to as TRUMP coin, recently experienced a notable market correction following a large-scale sell-off by top stakeholders. Ahead of a much-publicized crypto dinner hosted by Donald Trump on May 22, leading$TRUMP
token holders offloaded approximately $394 million worth of TRUMP tokens. This mass liquidation caused the coin’s price to slide by 8.84%, landing at $12.85, and has since sparked growing concerns about potential insider activity and market manipulation.
The high-profile event, which welcomed the top 220 TRUMP coin holders—72% of whom hailed from outside the United States—was met with controversy. Despite the exclusivity, 92 wallet addresses eligible for the dinner completely liquidated their holdings prior to the gathering. This exodus further pressured the token, resulting in a compounded 14.84% drop. The timing of these transactions has raised eyebrows within the crypto community and beyond.
Political backlash quickly followed. U.S. Senator Chris Murphy publicly condemned the event, branding it as "corrupt" and demanding that the attendee list be disclosed to the public. Critics argue that leveraging a$TRUMP digital asset for political positioning undermines