$TRUMP fell over 20% in 24 hours as reported exchange deposits, weak conference reaction, and a 96% drop from peak drew market focus.
$TRUMP token fell more than 20% in 24 hours, based on market commentary. The drop erased about $161 million in market value.
Traders linked the fall to pre-conference selling, weak event reaction, and reported token transfers to exchanges.
Sharp Daily Drop Hits TRUMP Token
The $TRUMP token traded near $2.55 after a steep daily fall, according to market posts.
Some traders placed the 24-hour loss near 21.5%. Others cited a 16.49% fall during the same sell-off.
The move came before and around Trump’s crypto conference. Market watchers described the fall as a “sell the rumour” move.
They said buyers had priced in stronger news before the event.
However, the reaction changed after the conference. Several traders said the news did not meet market hopes.
As a result, sellers took control and pushed the token lower. The fall also raised fresh questions about political tokens.
These assets often move on attention, access, and online demand. But they can fall fast when interest fades.
Reported Exchange Deposits Add Pressure
Market commentary claimed the Trump team moved about $46 million in tokens to exchanges over three weeks. Traders often watch such transfers closely.
Tokens sent to exchanges can raise fears of future selling.
No single transfer explains the full drop. Still, the reported exchange activity added pressure during a weak market window.
It also came as holders were already reacting to the conference. Some posts also claimed the top 220 $TRUMP holders received access to a private dinner.
Critics described the setup as “pay-to-play access” through a memecoin. Supporters may view it as a reward for large holders.
The token’s price has now fallen about 96.5% from its peak, based on the supplied figures.
That decline erased about $18.1 billion in market value. Such losses show the risk in event-driven crypto assets.
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Traders Question New Price Floor
The latest sell-off shifted focus to the next support area. Traders now want to see where buyers return.
A stable floor may take time because sentiment remains weak. Some market posts also linked the drop to wider political headlines.
One claim said the headline about canceled Iran talks “likely spooked holders.” That claim remains unclear without direct market data.
Other traders connected the move to wider trust concerns in crypto. They cited Binance and the “1011” incident in social posts.
These claims reflect broader market anxiety rather than a direct cause of the $TRUMP decline.
For now, $TRUMP remains a highly volatile political token. Its price still depends on attention, market mood, and holder behavior.
The latest fall shows how fast a narrative-driven token can lose value.
Source: https://www.livebitcoinnews.com/trump-token-plunges-over-20-in-a-day-and-extends-losses-to-96-from-peak/
