After reaching an all-time high of $73.50 on January 19th, 2025, the politically-charged meme coin entered a steep decline, slipping back into single-digit territory and leaving retail investors and whales alike questioning its long-term potential.
However, a surprising announcement from the United States President himself may have just injected new life into TRUMP.
In a move that stunned both political and crypto circles, Donald Trump revealed plans for an exclusive VIP dinner in Washington, D.C., specifically honoring TRUMP coin holders. Scheduled for May 22nd, 2025, the high-profile event will host the top 220 largest TRUMP coin holders globally.
Source: TradingView
The event is expected to bring together notable figures from the blockchain and cryptocurrency space, including Justin Sun, founder of Tron. Trump’s direct involvement marks a bold pivot into the crypto world, signaling that the TRUMP coin may be more than just another meme-driven speculative asset.
Despite the anticipation surrounding the VIP dinner, on-chain data reveals that some of TRUMP coin’s largest holders, commonly referred to as “whales”, are choosing to exit their positions ahead of the event.
Source: LookOnChain
According to LookOnChain, a reputable blockchain analytics firm, two major TRUMP investors liquidated a combined $6.4 million worth of the asset, both at notable losses.
These sales align with a broader bearish trend, as evidenced by the Chaikin Money Flow (CMF) indicator, which has remained deeply negative since May 10th. The exodus may be a reaction to short-term market pressures or concerns about long-term tokenomics.
Industry insiders suggest that uncertainty surrounding TRUMP’s unlock schedule for the next 24 months may be spooking larger investors. The looming wave of token releases could flood the market, potentially depressing prices further if demand fails to keep pace.
Beyond market mechanics, Donald Trump’s direct involvement in the cryptocurrency could be stirring political tension. According to sources close to Capitol Hill, his actions may be complicating legislative efforts aimed at establishing clearer guidelines for stablecoins and other digital assets.
Donald Trump’s crypto-centric event hasn’t come without controversy. Reports have surfaced suggesting that the U.S. President may face calls for impeachment as well as an ethics investigation tied to the private dinner involving meme coin investors.
Meanwhile, critics argue that the event blurs the line between public office and private interests, particularly in a financial sector already under heightened scrutiny.
Elsewhere, speculation is mounting that a new, official “White House Coin” could be in the works. The rumor mill, fueled by cryptic posts on Donald Trump’s own Truth Social platform, has ignited debate about the merging of state governance and DeFi.
As TRUMP oscillates between media buzz and investor panic, it’s clear that Donald Trump’s pro-crypto stance is reshaping conversations at the highest of levels. While his support has invigorated parts of the crypto community, it has also introduced new regulatory complexities that lawmakers must now try and effectively navigate.
With major figures from both politics and crypto converging at this month’s VIP dinner, all eyes will be on Washington to see whether Donald Trump’s meme coin initiative can sustain momentum, or if it’s headed for another downturn.
In any case, the meme coin continues to blur the boundaries between digital assets and political influence. As investors brace for what may come next, the intersection of memes, markets, and power has never been more pronounced.
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