Key Highlights
- The TRUMP memecoin declined more than 10% within 24 hours, reaching approximately $2.65
- Panic selling erupted following a security breach at the White House Correspondents’ Dinner
- Shots were fired by a gunman near the Washington Hilton venue; the President was evacuated without harm
- Prior to the incident, 297 major TRUMP token holders had gathered at a Mar-a-Lago exclusive event
- The digital asset has plummeted more than 96% since reaching its peak of $75.35
The TRUMP memecoin experienced a sharp decline exceeding 10% on Sunday, April 26, following a security breach involving U.S. President Donald Trump during the White House Correspondents’ Association Dinner in the nation’s capital.
The digital asset plunged from approximately $3 to roughly $2.65 in a matter of hours. This represents a 10.65% decrease over a 24-hour trading period, based on data from CoinGlass and CoinMarketCap.
The security breach occurred late Saturday evening. An armed assailant opened fire at a security checkpoint outside the Washington Hilton, the venue hosting the dinner event. President Trump and First Lady Melania Trump were swiftly evacuated by Secret Service personnel. A Secret Service agent sustained a hit but remained uninjured due to protective body armor and is anticipated to make a full recovery. Authorities apprehended the shooter, identified as a male in his early thirties from California. The President later indicated he suspected he might have been the intended target.
Crypto markets responded immediately. Liquidations on long positions reached $7.61 million during the 24-hour timeframe, according to CoinGlass metrics.
Just hours before the security incident, President Trump had welcomed 297 of the top TRUMP token holders to his Mar-a-Lago estate. An exclusive VIP gathering of 29 individuals included a champagne reception. Notable attendees included Grant Cardone, the founder of Cardone Capital. The gathering had temporarily boosted optimism surrounding the token.
Historical Performance
TRUMP has now collapsed more than 96% from its record high of $75.35, which was achieved in early 2025 shortly after its initial launch.
Three Democratic Senators—Elizabeth Warren, Richard Blumenthal, and Adam Schiff—delivered a formal letter this month to the organizers of the Mar-a-Lago gathering. Their correspondence raised concerns about whether the exclusive event suggested privileged access to the president and if it was being leveraged to stimulate token purchases that would generate revenue for Trump and his relatives.
Cryptocurrency Earnings for Trump Family
According to a Reuters investigation from last year, the Trump family generated more than $800 million from cryptocurrency operations in the first six months of 2025. World Liberty Financial represented approximately $463 million of those earnings. The TRUMP memecoin contributed roughly $336 million to the total.
Cryptocurrency initiatives comprised over 90% of the family’s aggregate revenue during that timeframe, Reuters reported.
As of publication, TRUMP is trading at around $2.65, representing a 97% decline from its all-time high.
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