#StrategyBTCPurchase Donald Trump's official TRUMP memecoin fell nearly 10% in 24 hours on Saturday, the same day he hosted a closed-door event at Mar-a-Lago for top token holders. The token was trading at around $2.67 at the time of publication. It remains more than 96% below its all-time high of $75.35, reached in early 2025.#doge
The Saturday gathering brought together 297 of the largest TRUMP investors for what organizers described as an exclusive crypto and business conference, according to The Independent. A smaller group of 29 top holders attended a VIP reception with a champagne toast. A similar event took place in May last year, when the top 220 holders were invited to the Trump National Golf Club in Potomac Falls, Virginia.
Democratic Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff sent a letter earlier this month to Bill Zanker, the organizer behind the token. They questioned whether the conference was being used to imply personal access to the sitting president. The senators argued that promoting the event appeared tied to encouraging purchases of the token, which generates transaction fees for the president and his family.
$DOGE
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