Since Trump’s VIP meme-coin dinner on May 22, the Official Trump (TRUMP) token has bled over $1 billion in market cap—dropping from $3.13 billion to $2.12 billion by June 11. That works out to about a $50.5 million daily bleed, sending TRUMP’s price down nearly 30% to $11.08 and missing the broader crypto rally that cheered Bitcoin past $110K.
The exclusive event, which cost top 220 holders over $100 million (and private VIP access for the top 25), was meant to spark frenzy—but instead invited accusations of a “pay-to-play” scheme. After an early whale-driven spike, momentum’s fizzled and big investors are pulling out faster than they piled in.
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