The TRUMP meme coin, linked to the First Family, plunged approximately 20% following a high-profile crypto conference hosted by President Donald Trump at his Mar-a-Lago club. The asset’s price dropped instantly after the event, leading to a loss of nearly $161 million from its market cap within 24 hours. This continues a broader decline for the token, which remains over 96% below its all-time high.
The **TRUMP** meme coin experienced another sharp price decline following an exclusive cryptocurrency and business conference. The event was hosted by President Donald Trump at his Mar-a-Lago club in Palm Beach, Florida.
The token plummeted roughly 20% to $2.50 immediately after the gathering concluded. This wiped nearly $161 million from its market capitalization in a single day, according to on-chain data.
The price action represents a classic “sell-the-news” event for the volatile asset. Attendees included 297 of the largest token holders who had registered for a contest.
President Trump delivered the keynote address, stating his support for the industry. “As a president, I have to be able to make sure that all of our industries do well. Crypto is a big industry; it’s actually become somewhat mainstream,” he said.
The token, launched just before Trump’s January 2025 inauguration, once reached an all-time high over $73. It has since fallen dramatically amid scrutiny of the First Family’s crypto ventures.
A Reuters report claimed the family profited over $1 billion from crypto asset sales. This included $336 million from meme coin sell-offs in just the first half of 2025.
Reports indicate the Trump team has continued selling tokens during recent price recoveries. This ongoing selling pressure contributed to the latest crash, as noted by analysts.
The token’s value briefly climbed above $3.10 ahead of the much-publicized event. It has since rebounded only slightly to approximately $2.65 at the time of reporting.
