Key Highlights
- The TRUMP memecoin experienced a decline exceeding 10% within 24 hours, settling near $2.65
- Security breach at the White House Correspondents’ Dinner sparked widespread panic selling
- Shots were fired near the Washington Hilton by an armed individual; President Trump was evacuated without harm
- Hours before the incident, 297 major TRUMP token holders gathered at Mar-a-Lago for an exclusive event
- Current price represents a decline exceeding 96% from the peak value 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 at the White House Correspondents’ Association Dinner in Washington.
The cryptocurrency slid from roughly $3 down to approximately $2.65 over several hours. This represents a 10.65% decrease during the 24-hour period, based on data from CoinGlass and CoinMarketCap.
The security situation unfolded late Saturday evening. An armed individual opened fire at a security checkpoint near the Washington Hilton, the venue hosting the dinner. President Trump and first lady Melania Trump received immediate evacuation assistance from Secret Service personnel. A Secret Service agent sustained impact from gunfire but remained protected by body armor and is anticipated to make a full recovery. Authorities apprehended the suspect, a man in his early 30s from California. Trump subsequently stated his belief that he may have been the intended target.
Market participants responded swiftly. Long position liquidations reached $7.61 million during the 24-hour timeframe, according to CoinGlass tracking.
Just hours prior to the security incident, Trump welcomed 297 top TRUMP token holders to his Mar-a-Lago estate. A select group of 29 participants attended an exclusive VIP reception featuring a champagne toast. Grant Cardone, founder of Cardone Capital, was among the attendees. The gathering had temporarily boosted positive sentiment surrounding the token.
Price Context
TRUMP currently trades more than 96% below its all-time high of $75.35, which occurred in early 2025 shortly after the token’s initial launch.
Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff, all Democrats, submitted a letter earlier this month to the organizers of the Mar-a-Lago gathering. Their letter raised concerns about whether the event suggested preferential access to the president and whether it served to promote token acquisitions that would generate revenue for Trump and his family members.
Trump Family Crypto Revenue
A Reuters investigation from last year revealed the Trump family generated over $800 million from cryptocurrency ventures during the first six months of 2025. World Liberty Financial produced approximately $463 million of that total. The TRUMP memecoin yielded roughly $336 million.
Cryptocurrency operations represented more than 90% of overall family income during that timeframe, according to Reuters findings.
As of publication, TRUMP exchanges hands at approximately $2.65, representing a 97% decline from its historical peak.
