TRUMP Token Plummets as Exclusive Trump Dinner Fails to Stem $869M Outflow
Donald Trump’s attempt to boost his TRUMP cryptocurrency with an exclusive dinner invitation has backfired, resulting in $869 million in outflows. The event highlights the gap between political spectacle and crypto market realities.
Despite clarifications that the dinner didn’t require a $300,000 investment, the token continued to bleed value. Blockchain analysts suggest TRON founder Justin Sun may be the largest TRUMP holder, raising further doubts about the token’s credibility.
This incident demonstrates the extreme volatility of politically-connected cryptocurrencies, where hype can quickly turn to sell-offs. While Trump excels at media manipulation in politics, crypto markets demand more than just spectacle—they require real utility.