Key notes
- Trump Token plunged 8.84% while the best holders dumped $ 394 million in chips before the May 22 gala.
- 92 out of 220 portfolios left the positions before the event, arousing problems of initiate negotiation.
- The gala faced a counter coupling while the legislators called for transparency in the middle of the meter-play-to -olitis.
The latest market data shows a sharp drop in official Trump
ASSET
$ 12.85
24h volatility:
0.3%
COURTIC CAPESSION:
$ 2.57 B
Flight. 24 hours:
951.17 million $
Prices of tokens. This torsion occurs shortly after the highly publicized cryptographic dinner that US President Donald Trump organized. Market observers now show concerns about potential market handling.
Trump holders leave the positions before the gala start
According to information, the highly publicized gala Trump Crypto occurred on May 22. After the announcement of the dinner, the Trump token increased by 30%. The event has been followed by the 220 Trump holders, a piece of memes that has attracted world attention in recent months.
It should be noted that dinner was planned to collect the best tokens and celebrate the progress of the assets. The reports show that the event had an international call, 72% of participants from outside the United States.
According to reports, the guests held around $ 394 million from the Trump token before the event. The 25 best portfolios had VIP access, which included a private session with President Trump before dinner.
However, things started to go south before the guests arrived. For the context, market figures showed signs of sale from the start. Despite the exclusive invitation, the blockchain data show that 92,220 eligible portfolios sold all their participations before dinner. The sudden movement sparked a price drop of 14.84%, bringing the token back to $ 13.36.
After the event, the number of tokens held by the largest portfolios increased from 11.3 million to only 7 million. Many have seen this decrease as a strategic sale by initiates who have exploited the media threshing of the gala.
It should be noted that the public’s reaction to the event shows how unpredictable parts can be. This reveals to what extent they rely on the advertising of celebrities. For example, the founder of Binance, Changpeng “Cz” Zhao, recently sparked a new beateering on X after asking a simple question about dogs.
Interestingly, this position led to the creation of a brand new coin project. This indicates that a large part of the currency space works on media threshing rather than solid foundations.
The political backlash eclipses the Trump Coin Gala
It should be mentioned that apart from the financial impact, the Trump token dinner aroused strong criticism from the legislators and demonstrators. Apart from the event, the demonstrators accused the president of using digital assets for questionable political relations with certain members of the US Congress, reiterating their concerns.
Senator Chris Murphy openly criticized the event, calling it a corrupt configuration. He stressed that the offer of access to the president in exchange for cryptographic investments has created a dangerous link between policy and financial speculation. Murphy demanded that the full list of customers be made public if dinner was legitimate.
Trump’s same corner is designed to facilitate corruption. You can secretly pay Trump, which gives you special secret access to the president. If Trump’s dinner with the best parts buyers were legitimate, he would release the list of participants. But it’s corrupt. The list therefore remains hidden. pic.twitter.com/i7j4nqbezu
– Chris Murphy 🟧 (@chrismurphyct) May 22, 2025
Based on the feeling of the market, Trump’s official play, like many other coins, goes up and usually falls according to the media threw. Many of these parts do not have solid use cases, so their value often changes with public mood or major events. This makes them risky for most investors according to criticism.
This reveals the intention behind the introduction by the Democratic legislator Sam Liccardo of a bill to prohibit government representatives from launching the same. This proposal was introduced after President Trump and the First Lady published their same early this year.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
