$TRUMP experienced a significant decline of approximately 20%, falling to $2.5, following a high-profile event at Mar-a-Lago and subsequent large-scale sell-offs. The event, promoted as an exclusive conference on cryptocurrency and business, attracted major token holders and featured a keynote address by Donald Trump, in which he emphasized his commitment to supporting the cryptocurrency industry.

Despite the initial positive market sentiment, the token’s value declined sharply, erasing over $160 million in market capitalization. Reports indicate that asset liquidation activities by the Trump family contributed substantially to the selling pressure, thereby accelerating the downward trend. Notably, although the TRUMP token previously reached a peak above $73, it is currently trading more than 96% below its all-time high 🤖

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TRUMPUSDT

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