Key Takeaways
- The TRUMP token experienced a sharp 10% decline over 24 hours, settling near $2.65
- Panic selling erupted following a security breach at the White House Correspondents’ Dinner
- Shots were fired by an armed individual near the Washington Hilton venue; the President was evacuated without harm
- Hours before the incident, 297 leading TRUMP token holders gathered at Mar-a-Lago for an exclusive event
- The memecoin has plummeted more than 96% from its peak value of $75.35
The TRUMP memecoin experienced a sharp downturn exceeding 10% on Sunday, April 26, in the aftermath of a security breach involving President Donald Trump at the White House Correspondents’ Association Dinner in the nation’s capital.
The digital asset plunged from roughly $3 to about $2.65 in just a few hours. This represents a 10.65% drop across a 24-hour timeframe, based on information from CoinGlass and CoinMarketCap.
The security breach unfolded late on Saturday evening. An armed individual discharged a weapon at a security checkpoint outside the Washington Hilton, the venue hosting the correspondents’ dinner. President Trump and first lady Melania Trump were swiftly removed from the premises by Secret Service personnel. One security agent sustained an injury but was shielded by protective gear and is anticipated to make a full recovery. The shooter, described as a male in his early thirties from California, was apprehended. Trump subsequently stated he suspected he might have been the intended target.
Crypto markets responded immediately. Long position liquidations reached $7.61 million during the 24-hour span, according to CoinGlass tracking data.
Prior to the incident that day, Trump had welcomed 297 of his most significant TRUMP token investors to his Mar-a-Lago estate. An elite subset of 29 participants attended an exclusive VIP gathering featuring a champagne celebration. Grant Cardone, the founder of Cardone Capital, was among the attendees. The gathering had temporarily boosted optimism surrounding the digital token.
Historical Price Performance
TRUMP has collapsed by over 96% from its record high of $75.35, which was achieved in early 2025 shortly after its introduction to the market.
Democratic Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff issued a formal letter this month to the organizers behind the Mar-a-Lago gathering. They raised concerns about whether the event suggested privileged access to the president and whether it was designed to promote token acquisitions that would produce revenue for Trump and his relatives.
Cryptocurrency Earnings for Trump Family
A Reuters investigation from the previous year revealed the Trump family generated more than $800 million from cryptocurrency activities in the first six months of 2025. World Liberty Financial represented approximately $463 million of those earnings. The TRUMP memecoin added roughly $336 million to the total.
Cryptocurrency projects comprised over 90% of the family’s complete revenue stream during that timeframe, according to the Reuters analysis.
Currently, TRUMP is trading at around $2.65, representing a 97% decline from its all-time high.
