Official Trump (TRUMP) Price Tumbles 4% as Protesters Invade Trump Dinner with Justin Sun and Lamar Odom

Trump Coin price slipped 4.3% as regulatory heat and political protests escalate around the US President’s Dinner hosting top investors in the memecoin.

TRUMP Token Hits $2.5B as Justin Sun Joins Trump Dinner Amid Protests and Regulatory Backlash

Official TRUMP token price tumbled 4.3% in the last 24 hours, as Donald Trump hosted a private dinner attended by TRON’s Justin Sun and ex-NBA star Lamar Odom.

According to Coingecko data, the TRUMP token now trades below $13 market, with its total valuation hovering precariously above the $2.5 billion market at press time.

The Trump memecoin gala, held May 23 at Trump National Golf Club in Washinton, quickly became politically charged as over 100 demonstrators protested outside, chanting against crypto’s growing influence in U.S. politics.

Ahead of the event, TRUMP price rose to $13.55, before pulling back 4.3% to $12.91 in the last 24 hours, confirming the negative impact of the protests.

Despite the controversy, on-chain volume rose 5.7% and open interest in TRUMP perpetuals spiked 9.1% post-dinner.

Why Is TRUMP Price Down Today?

The drop in TRUMP price, down 4.3% despite Bitcoin crossing $111,000—is tied to recent regulatory moves in Congress. Last week, U.S. legislators pulled support for the GENIUS Act, citing potential conflicts of interest surrounding Trump’s reported links to the stablecoin sector.

This includes WLFI’s USD1 stablecoin, launched in March 2025 on both BNB Chain and Ethereum. The timing raised concerns about insider benefits, and legal experts now anticipate subpoenas for affiliated projects or campaign-linked wallets.

Although TRUMP token fundamentals remain strong, with liquidity pools deepening, legal pressure could dampen buyer appetite.

Bitcoin’s resilience above $111K may cushion broader sentiment, but market watchers are closely monitoring Capitol Hill for the next steps.

If regulatory committees move to investigate WLFI-Trump stablecoin ties, the TRUMP token may see further volatility. Bulls will need both legal clarity and BTC strength to maintain the current $2.5B valuation zone.

Technical Price Forecast: Trump Token Eyes $14.50 Rebound Amid Market Jitters

While looming regulatory risks may have fuelled short-term sell-offs, Trump’s political popularity continues to drive market interest and media traction.

These key factors could potentially act as a buffer against further losses, if broader market sentiment remains positive. Technical analysis signals on the Trump price forecast chart below also confirm this optimistic outlook for a potential rebound on the current daily candle.

 While short-term bearish pressure emerged during the dinner, Trump coin price stabilised near the $13.11 median Bollinger band level, which serves as a dynamic support and pivot zone.

If this level holds, bulls could drive a test toward the upper band at $15.36, with an interim target near $14.50, a key psychological and structural resistance.

The Woodies CCI (6,14) indicator prints a value of -36.22, recovering from a prior low of -48.29. This soft divergence, alongside a flattening histogram, hints at waning bearish momentum. A decisive shift into positive territory could affirm bullish conviction.

While still below zero, this technical posture aligns with early-stage reversals, particularly as price avoided a major breakdown below the lower Bollinger Band near $10.86 during the market reactions to the controversy Friday.

Today’s price action reflects a technical recovery narrative supported by a fading bearish momentum on CCI and stabilization along the mid-Bollinger line. The $12.50–$13.10 zone now forms an important support structure.

More so, Trump coin holders may remain hesitant to sell, if Bitcoin price forecast signals continue to lean towards steady consolidation above the previous all time highs at $106,000 over the weekend.

Still, failure to sustain above $13.11 could invalidate the setup, placing $11.00–$10.86 in sight as downside risks. The next few daily closes will be critical in confirming the trend reversal.

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Coingape Staff

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