TRUMP Coin Price Crashes 10% After Trump Faces Attack At White House Dinner
Highlights
- The TRUMP coin price tumbled over 10% on Sunday, April 26.
- The crash came in response to panic selling after U.S. President Donald Trump faced an attack at the White House.
- Earlier, the Mar-a-Lago event around the Trump meme coin boosted the optimism a bit.
The TRUMP coin price nosedived over 10% amid a high stakes drama security incident involving U.S. President Donald Trump. Although Trump was safe and the suspect got apprehended, the meme coin continued suffering even hours after the incident.
TRUMP Coin Price Plunges Amid Attack On President Trump
The sell-off in the Trump coin market was rapid. At press time, the Trump token price fell from almost $3 to around $2.65 in response to news. This marked a 10.65% decline in the last 24 hours.
The incident began in Washington late Saturday. The White House Correspondents’ Association Dinner had to evacuate due to gunfire. Trump and first lady Melania Trump were swiftly evacuated.
A gunman fired shots at a checkpoint at the Washington Hilton. Secret Service agents moved quickly. He was tackled and taken into custody. An agent was hit but protected by body armor and will soon be fine.
The assailant has been identified as a man in his early 30s from California. However, his motive remains unclear. Trump, in a statement shortly afterwards, said he thought he may have been the target.
Markets did not wait for clarity. The selling picked up almost immediately as long liquidations reached $7.61 million in the 24-hour time-frame, per CoinGlass data.
Hence, the TRUMP token continued a rapid descent. Per crypto tools tracking, the Trump coin is now 97% down from its peak in early 2025, when it was boosted by the publicity around its release.
The Mar-a-Lago Event In Focus
It’s worth noting that earlier in the day, Trump had held a special meeting at his Mar-a-Lago resort for the token’s largest investors. Some 297 investors had been invited and a few selected ones were able to attend a reception and toast with the president.
Moreover, Grant Cardone, founder of $5.3 billion Cardone Capital, also attended the event. However, by night, sentiment had flipped. From private optimism to public pessimism.
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