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In a bold statement during a private dinner event, President Trump told attendees that the U.S. is “dominating” in Bitcoin and crypto, adding, “and we are going to keep it that way.” The declaration was meant to reaffirm his pro-crypto stance—but markets seemed to react with skepticism rather than celebration. TRUMP coin ( TRUMPUSD ), which has been one of the most volatile meme coins in recent months, plunged shortly after the dinner began, leading many to believe traders were waiting for the perfect moment to short the hype. TRUMP/USD Price Crash - TradingView Crypto X (formerly Twitter) was buzzing all evening: “This Trump dinner is boring lmao, for a top holder I’d expect the room to at least be a bit bigger,” one user posted, hinting at underwhelming event optics. And Justin Sun, founder of Tron and a frequent crypto-event attendee, tweeted: “On my way to Trump dinner @GetTrumpMemes” — adding to the anticipation. But once the event got underway, the tone online shifted. The enthusiasm didn’t match the price action—and TRUMP coin bears took over. On the 2-hour TRUMP/USD chart , we can see that TRUMP was gaining momentum, peaking around $16.50, just before the event. Then, a clear rejection candle formed (marked with a red arrow), followed by a steep red candle as the price dropped to just above $14, briefly touching the 50-period SMA at $13.82. TRUMP/USD 2-hours chart - TradingView This looks like a textbook “sell the news” pattern. While Trump’s words were bullish for crypto in general, the TRUMP coin selloff shows that meme coin traders still move based on sentiment, hype cycles, and social optics. The market didn’t buy into the “dominance” narrative—at least not this time. Whether TRUMP coin can recover depends on what comes next: real utility, more strategic endorsements, or just the next viral post. Until then, traders are watching closely—and clearly, they're not afraid to sell the top. In a bold statement during a private dinner event, President Trump told attendees that the U.S. is “dominating” in Bitcoin and crypto, adding, “and we are going to keep it that way.” The declaration was meant to reaffirm his pro-crypto stance—but markets seemed to react with skepticism rather than celebration. TRUMP coin ( TRUMPUSD ), which has been one of the most volatile meme coins in recent months, plunged shortly after the dinner began, leading many to believe traders were waiting for the perfect moment to short the hype. TRUMP/USD Price Crash - TradingView Crypto X (formerly Twitter) was buzzing all evening: “This Trump dinner is boring lmao, for a top holder I’d expect the room to at least be a bit bigger,” one user posted, hinting at underwhelming event optics. And Justin Sun, founder of Tron and a frequent crypto-event attendee, tweeted: “On my way to Trump dinner @GetTrumpMemes” — adding to the anticipation. But once the event got underway, the tone online shifted. The enthusiasm didn’t match the price action—and TRUMP coin bears took over. On the 2-hour TRUMP/USD chart , we can see that TRUMP was gaining momentum, peaking around $16.50, just before the event. Then, a clear rejection candle formed (marked with a red arrow), followed by a steep red candle as the price dropped to just above $14, briefly touching the 50-period SMA at $13.82. TRUMP/USD 2-hours chart - TradingView This looks like a textbook “sell the news” pattern. While Trump’s words were bullish for crypto in general, the TRUMP coin selloff shows that meme coin traders still move based on sentiment, hype cycles, and social optics. The market didn’t buy into the “dominance” narrative—at least not this time. Whether TRUMP coin can recover depends on what comes next: real utility, more strategic endorsements, or just the next viral post. Until then, traders are watching closely—and clearly, they're not afraid to sell the top.

Just hours before President Donald Trump’s high-profile gala for holders of his memecoin, Democratic lawmakers moved to curb what they call rising “crypto corruption” in Washington. Led by Rep. Maxine Waters, 15 House Democrats introduced the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025.” The bill would prohibit the president, vice president, members of Congress, and their immediate families from owning, promoting, or profiting from digital assets while in office. Lawmakers would also be barred from holding crypto assets in ways that allow them to exert unilateral control over the tokens. “Trump’s crypto con is not just a scam to target investors,” Waters said in a statement. “It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder.” The legislation arrives amid a wave of criticism surrounding Trump’s deepening ties to crypto. The president and his wife, Melania, recently launched personal memecoins. Trump’s family has also backed a stablecoin through the crypto firm World Liberty Financial, and his sons are linked to a Bitcoin mining venture. Blockchain records indicate that Justin Sun, founder of Tron and a Chinese national, is one of the largest holders of TRUMP ( TRUMP ) — the memecoin that serves as a ticket to Thursday night’s dinner. The exclusive gala, hosted at Trump’s golf club in Virginia, invites the top 220 $TRUMP holders — some of whom spent between $55,000 and nearly $38 million in tokens to secure an invitation. Critics, including Sen. Richard Blumenthal, accuse Trump of “auctioning” access to the White House and potentially violating the Constitution’s ban on foreign gifts. Protests are happening outside the event. Senators Chris Murphy, Elizabeth Warren, and Jeff Merkley, along with Rep. Sam Liccardo and advocacy groups, are calling out Donald Trump’s upcoming “meme coin” fundraising dinner as a threat to national security and a potential corruption risk, according to a note shared with crypto.news. At a press conference today, the group demanded the release of attendee names and any promised favors. Murphy also promoted his recently introduced MEME Act, aimed at curbing digital asset profiteering by public officials.

Justin Sun-Linked Wallet Leading Access to Trump Dinner Tagged as Belonging to HTX

Summer rally on altcoins. Sun, beer and green candles. ☀️🍺 WAGMI.

$DFDV HOTTER THAN THE SUN!!