TRUMP Coin (TRUMP) Dumped 15.23% After High-Profile Dinner Gala

The controversial President Donald Trump memecoin, TRUMP coin, tumbled 15.23% after a high-profile dinner gala on May 22.

Controversial President Donald Trump memecoin, TRUMP coin, saw a 15.23% tumble after a high-profile dinner gala on May 22.

The token fell from $14.90 to $12.63 overnight, ranking it among the worst-performing assets among the top 100 cryptocurrencies.

Data from on-chain analytics and wallet trackers showed that around 40% of the top 220 wallets holding TRUMP dumped their tokens during or after the event.

This signaled waning confidence in the memecoin’s utility and value.

Gala TRUMP Coin Sparks Sell-Off

The dinner, held at Trump’s National Golf Course, was an exclusive affair for major TRUMP coin holders. Access was granted based on a snapshot of wallet balances several weeks prior.

However, many attendees sold their TRUMP coin holdings before, during, or after the event, emptying their wallets completely.

Of the top 220 wallets that once qualified for the dinner, nearly half no longer held the token by the time of the event itself. This signaled a mass sell-off.

This concentrated sell-off suggested that for many investors, the memecoin’s primary appeal lay in its social engagement rather than financial returns.

TRUMP token holders do not receive any equity, dividends, or other traditional financial incentives, according to Trump’s official site.

Instead, the coin is described as “an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol $TRUMP and the associated artwork.”

Since its launch, TRUMP has struggled to build real utility. The gala event, designed to boost community enthusiasm, instead highlighted the coin’s limited financial value.

Following the dinner, the memecoin’s price decline further emphasized the skepticism among investors about long-term prospects.

High-profile attendees at the event included Tron founder Justin Sun, who reportedly invested $40 million in TRUMP tokens. He expressed interest in discussing cryptocurrency with former President Trump.

Other notable figures were Hyperithm CEO Oh Sang-rok, who distributed “Make Crypto Great Again” hats, and Kronos Research’s Vincent Liu, seeking to open up US markets.

Despite the event’s spectacle, there was also opposition. Protestors gathered outside, chanting “Shame!” Democratic Senator Jeff Merkley denounced the dinner as the “Crypto Corruption Club,” criticizing the blending of political influence with speculative crypto assets.

Meanwhile, White House Press Secretary Karoline Leavitt denied any personal financial gain by Trump, calling such claims “absurd.”

15% Memecoin Dump

The 15% drop in TRUMP coin value following the gala highlighted the volatility and speculative nature of memecoins linked to political figures.

In comparison, other major crypto assets showed steadier performance, indicating that investor confidence in TRUMP was fragile and heavily event-driven.

Without dividends or equity rights, TRUMP coin’s market value largely depended on its cultural and political symbolism rather than underlying fundamentals.

The sell-off by 40% of the top holders signaled that many investors might be taking profits or distancing themselves amid growing scrutiny.

Trump coin’s sell-off post-event served as a case study in the risks associated with politically linked cryptocurrencies. While memecoins could rally significant short-term attention, sustaining investor interest required clearer utility and broader adoption.

As of May 25, 2025, TRUMP coin remained a niche token with high volatility and an uncertain future. The gala’s fallout and market reaction provided insight into the challenges of balancing political branding with crypto market demands.