The TRUMP memecoin crashed nearly 20% to around $2.50 on April 25, 2026, ahead of an exclusive Mar-a-Lago crypto conference hosted by President Donald Trump. The token lost approximately $161 million in market value in a single day and is now down 96.5% from its all-time high of $75.35 set in January 2025.
The sell-off followed a classic 'sell the news' pattern as the Mar-a-Lago event approached, with many investors opting to secure profits rather than hold through uncertainty. Trading volume surged 111% to $618 million, confirming strong selling pressure.
Hours after the token's decline, President Trump was evacuated from the White House Correspondents' Dinner at the Washington Hilton after a gunman, later identified as Cole Allen, attempted to breach a security checkpoint. Security forces subdued the suspect, and Trump, along with Vice President JD Vance, Kash Patel, Robert F. Kennedy Jr., and Melania Trump, were safely evacuated. Trump initially urged organizers to 'LET THE SHOW GO ON' before following protocol and leaving.
From a technical perspective, the TRUMP token broke below the key support level of $2.85 on high volume, opening the door toward $2.48 and potentially $2.10 if selling continues. A recovery above $2.80 is needed to neutralize the current downtrend. The token's market cap has shrunk from nearly $10 billion to approximately $618 million.
The incident has intensified criticism of Trump's crypto involvement. Simon Dedic, founder of Moonrock Capital, called the memecoin dinner 'one of the most damaging things to crypto's reputation in years,' claiming the token extracted over $4.3 billion from retail investors while 45 insider wallets gained $1.2 billion. On-chain analysis showed that most attendees sold their holdings immediately after the event.
