Trump Memecoin Dips After Early Spike As Dinner With President Attracts Criticism
Posted On April 29, 2025
Official Trump (CRYPTO: TRUMP) gave up early morning gains Monday as the opposition voiced concerns about rewarding the coin’s largest investors.
What Happened: The President Donald Trump-associated cryptocurrency rose to an intraday high of $15.55 early in the morning but failed to sustain the rally, pulling back to $14.20 overnight.
The decline contrasted with the rest of the meme coin market, which saw its capitalization rise by more than 3% in the last 24 hours.
The dip comes after a few Democratic lawmakers accused Trump of corruption and violating federal ethics regulations over a private dinner invitation to the meme coin’s largest holders.
While Sen. Jon Ossoff (D-Ga.) deemed selling access in exchange for payments …
About The Author
