TRUMP Coin Drops 10% After White House Dinner Incident Sparks Market Panic
April 29, 2026Summary:
- The TRUMP coin price has plunged by 10% on Sunday, April 26, 2026.
- The coin price crash is sparked by panic selling after U.S. President Donald Trump was attacked at the White House.
- Earlier, the Mar-a-Lago event on the TRUMP coin had boosted its optimism.
The TRUMP coin price dipped by 10% on April 26, 2026. The sudden political security issue in Washington caused this sharp movement across the TRUMP memecoin. Traders quickly sold off when reports of a gunman attack on the President spread. The price action changed to red within hours as risk sentiment collapsed.
TRUMP Coin Plunges Amid Attack on Trump
After President Trump was attacked at the White House Correspondents’ Dinner, the market reacted by selling off the tokens. The TRUMP coin price fell from $3 to around $2.65 in response to the news. It recorded a decline of 10.65% in the last 24 hours.
The White House Correspondents’ Association Dinner had to be evacuated due to gunfire. President Trump and first lady Melania Trump were swiftly cleared. The Secret Service tackled the gunman who fired shots at a checkpoint at the Washington Hilton and was taken into custody. One of the agents was hit but protected by body armor.
The attacker was identified as a man in his early 30s from California. The motive is unclear. Trump addressed the media shortly after the incident and said that he may have been the target. This statement added more tension among investors who already faced strain due to weak market conditions.
Nonetheless, the market did not wait for clarity, and many buyers started selling off their TRUMP coins, and total liquidations reached $7.61 million in the 24-hour time frame. Therefore, the TRUMP coin price took a hit. According to crypto tracking tools, TRUMP coin is now 97% down from its peak in early 2025, when it gained momentum through heavy promotions. Traders holding leveraged positions faced the most damage.
The Mar-a-Lago Event
Analysts also noted that Trump held a special meeting at his Mar-a-Lago resort for the token’s largest investors. Around 297 investors were invited, and a few selected ones were able to attend the reception and toast with the president.
Grant Cardone, founder of Cardone Capital, a Florida-based real estate firm managing over $5 billion in assets, also attended the event. However, by evening, the overall sentiment flipped. It turned from private optimism to public pessimism.
Moreover, political pressure continues to influence the coin price. Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff raised concerns earlier this month. They also questioned the access implications to private events conducted at Mar-a-Lago.
Lawmakers have raised issues around token purchase incentives and fee generation. Reuters also reported on financial disclosures, where it said the Trump family earned over $800 million from crypto trading in 2025. World Liberty Financial was the single largest contributor, generating roughly $463 million for the family. In total, crypto revenue reportedly made more than 90% of the family’s income. So, security concerts, political pressure, and volatility continue to shape prices.
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