$TRUMP token has crashed -21.5% and wiped out nearly $161 million from its market cap in the past 24 hours.

This came after investors sold before Trump's Crypto Conference, a classic "sell the rumour" event.

But that's not the only reason.

Over the last 3 weeks, the Trump team has deposited $46 million worth of tokens to exchanges.

As of now, $TRUMP is already down 96.5% from its peak, wiping out $18.1 billion from its market value.