TRUMP Token Declines 8% Following Exclusive Trump Dinner

After a private dinner with President Donald Trump, the official TRUMP token faced a notable drop. Despite a lot of excitement it caused previously, the token lost over 8% in one day, although it's still up over 7.5% over the last week. Its market cap fell 8% to around $2.78 billion. At the moment, the token trades near $13.93, well below its January peak of $73.43, showing ongoing ups and downs because of political and regulatory issues.

The Exclusive Dinner and Its Controversies

On May 22, President Trump welcomed 220 of the biggest TRUMP token holders to a black-tie gala at his Sterling, Virginia, golf club. Invitations were extended based on wallet rankings compiled between April 23 and May 12, 2025, rewarding those who invested millions in the meme coin. The event featured prominent figures such as Tron founder Justin Sun and Synthetix’s Kain Warwick, with Sun himself reportedly holding $18.5 million in TRUMP tokens.

Attendees contributed a combined $148 million in TRUMP tokens just to secure access, with the top 25 wallets accounting for $111 million of that sum. Inside, VIPs enjoyed luxury perks, including custom Trump Tourbillon watches, valued at $100,000 each, highlighting the glitzy nature of the gathering. However, outside the gala, there were protesters holding signs denouncing crypto corruption and warning that “America is not for sale.”

Adding fuel to the fire, reports from Bloomberg indicated that more than half the attendees, especially those invited to the even more exclusive VIP Tour, were foreign nationals. This has raised alarms in Washington, with some Democrats questioning the implications of foreign influence within a fundraiser linked so closely to the sitting president.

Political Fallout and Legislative Responses

The dinner came just hours after a wave of Democratic lawmakers introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025,” aiming to curb what they call “crypto corruption” at the highest levels of government. Sponsored by Rep. Maxine Waters and others, the bill seeks to prohibit the president, vice president, members of Congress, and their families from owning or profiting from digital assets while in office — a direct response to events like the TRUMP token gala and his ties with crypto in general.

Senator Richard Blumenthal and Representative Sam Liccardo have criticized President Trump, saying he’s basically selling access to the White House and possibly breaking rules against accepting gifts from foreign governments. People are now calling for more transparency, including a full list of guests and details on any deals or promises made during the event. Senator Chris Murphy, who supports the MEME Act (which aims to stop public officials from profiting off digital assets), warned that these kinds of meetings could pose risks to national security.

This isn’t just political noise — it highlights real concerns about how the crypto world is mixing with government power. Earlier this year, the SEC paused its fraud case against Justin Sun and hasn’t commented since, leaving both investors and regulators unsure of what comes next.

Technical Details and Market Outlook

Even with all the controversy making headlines, TRUMP’s price shows a more complicated story. It’s currently trading above key moving averages from the past 10 to 100 days, which usually suggests a bullish trend. A recent MACD crossover also hints at buying interest, and the RSI at 58.66 shows decent momentum with room for more gains.

Still, traders are staying cautious. There’s resistance around $15.10 to $15.50, which could slow things down. If the price drops below support levels at $13.20 or $12.60, it might fall further toward $11.30. The market reacted strongly to the post-dinner hype — daily trading volume jumped 24.5% to $2.63 billion, and open interest also rose, suggesting more leveraged bets are being made.

What happens next depends on whether the recent excitement turns into real demand or if political noise and profit-taking drag prices down.

The Future of TRUMP Token

The recent decline in the TRUMP token price shows how political events and controversies can quickly impact the crypto market. Despite some signs of positive momentum from technical indicators, the token remains vulnerable to ongoing regulatory pressure and public scrutiny.

With lawmakers introducing new bills targeting crypto holdings by public officials, the future of the TRUMP token looks uncertain. Whether it can regain strength will depend on how these political and market forces play out in the coming weeks.