What you’re describing is a classic event-driven volatility spike + sell-the-news behavior.

What the price action is showing

TRUMP/USDT at ~2.521

-12.40% in a single day

Sharp downside after a volatility expansion

That combination usually means:

Traders front-ran the “TRUMP DINNER” narrative

Liquidity came in early (speculation phase)

Once the event is closer/confirmed → profit-taking starts

Market structure reading

Right now this looks like:

1. Distribution after hype

Initial hype pumps price

Smart money exits into strength

Late longs get trapped

2. Volatility spike = uncertainty phase

Big candles both directions = liquidation hunting

Stops getting triggered on both sides