Trump Coin Decreases by 15% Since Gala: 40% Wallets Liquidate Stocks

The controversial memecoin about President Donald Trump, the TRUMP coin, has fallen 15.23% after the gala dinner on May 22. The price of this token dropped from $14.90 to $12.63 overnight, making it one of the worst-performing assets among the top 100 cryptocurrencies. Data from on-chain analytics tools and wallet tracking show that about 40% of the top 220 wallets holding TRU sold their tokens during or after the event, indicating a fall in confidence in the utility and value of the memecoin. The Gala TRUMP coin has triggered a sell-off. The dinner held at the Trump National Golf Club is an exclusive event for holders of large TRUMP coins. Access is granted based on a snapshot of the wallet balance taken a few weeks prior. However, many attendees sold their holdings before, during, or after the event, emptying their wallets of TRUMP. The top 220 wallets that qualified to attend the dinner, but nearly half no longer hold tokens due to the event itself. This massive sell-off shows that for many investors, the appeal of memecoin is mainly tied to social participation rather than financial profit.

According to Donald Trump's official website, holders of the TRUMP token do not receive shares, dividends, or any other traditional financial incentives. Instead, this coin is described as "a manifestation of support and alignment with the ideals and beliefs expressed through the $TRUMP symbol and related artwork." Since its launch, TRUMP has struggled to build real utility. This grand event, aimed at boosting community enthusiasm, instead highlights the limited financial value of the coin. After dinner, the fall in memecoin prices highlighted investors' doubts about long-term prospects. Notable attendees include Tron founder Justin Sun, who is said to have invested $40 million in the TRUMP token. He expressed excitement when discussing cryptocurrencies with former President Trump. Other notable figures at the event include Hyperithm's CEO Oh Sang-rok, who distributed "Make Crypto Great Again" hats, and Vincent Liu from Kronos Research, who is seeking to enter the U.S. market. Despite this grand event, the opposition remains very strong. Protesters gathered outside, shouting "Shame on you!" Democratic Senator Jeff Merkley condemned the dinner as a "crypto corruption club," criticizing the blending of political influence with speculative cryptocurrency assets. Meanwhile, White House Press Secretary Karoline Leavitt denied any personal financial benefits of Trump, calling such claims "absurd." Sell 15% Memecoin The value of the TRUMP coin fell by 15% after the party, illustrating the volatility and speculative nature of memecoins associated with political figures.

Meanwhile, other major cryptocurrencies show more stable performance, indicating that investor confidence in TRUMP is very fragile and heavily reliant on events. Without dividends or ownership, the market value of the TRUMP coin largely depends on cultural and political symbolism rather than fundamental factors. The sell-off by 40% of top stockholders indicates that many investors may be taking profits or steering clear amid increasing scrutiny. The sell-off of the Trump coin after the event is a classic case study of the risks associated with cryptocurrencies linked to politics. While memecoins may attract significant attention in the short term, maintaining investor interest requires clearer utility and broader acceptance. As of May 25, 2025, the TRU coin remains a highly volatile niche token with an uncertain future. The collapse of the party and the market's reaction provide insight into the challenges of balancing political branding with the demands of the cryptocurrency market.