TRUMP Token Sell-Off Precedes Exclusive Crypto Dinner as Price Drops 8%

Significant sell-offs occurred ahead of US President Donald Trump’s exclusive crypto gala for TRUMP memecoin holders, with the token’s price declining 8%. The May 22 dinner, reserved for the top 220 holders, drew global crypto elites, offering VIP access to the 25 largest stakeholders.

Prior to the event, attendees collectively held $394 million in TRUMP tokens, with 72% being international holders. TRON founder Justin Sun led participants with a $19 million position, while the average guest held roughly $1.8 million worth of the politically-themed cryptocurrency.

The sell-off coincided with protests, underscoring the volatility of meme-based digital assets even during high-profile institutional adoption events. No major exchanges were directly linked to the trading activity.