Trump to Attend Meme coin Gala Despite Token Slump Amid Market Downturn
The post Trump to Attend Meme coin Gala Despite Token Slump Amid Market Downturn appeared first on Coinpedia Fintech News
US President Donald J. Trump is set to attend the “crypto and business conference” at Mar-a-Lago on April 25. Marketed by Trump-linked company Fight Fight Fight LLC, the gala luncheon features exclusive entry for the top 297 holders of the TRUMP memecoin and a reception for the top 29 holders.
Performance of Trump-associated meme coins: TRUMP and MELANIA
That said, insider sources note that Trump’s attendance remains unconfirmed, as the White House Correspondents’ Dinner is set for the same day.
Source: GetTrumpMemes
While the occasion has seen heavy marketing on the Trump meme coin website and social handles, it has done little to help the prices of those coins amid a wider market downturn.
Ranking 64th by market cap, the TRUMP meme coin was trading at $2.97 at press time, down 1.97% in the past day. The coin now faces major resistance at $2.80, with a high of $3.06 recorded yesterday and this week.
Launched in January 2025 on the Solana blockchain, the meme coin began trading at $0.18 before surging to $75 over 48 hours. The price has since declined by over 90% from this peak. Coinpedia now predicts potential highs of $14-$42 in 2026, and $212.25 by 2030.
Source: CoinMarketCap
The other Trump-related meme coin is MELANIA, named after the president’s wife and current First Lady of the US. At press time, the coin was trading at $0.1099, down $2.27% in the last 24h.
Launched shortly after the TRUMP memecoin, MELANIA began trading at $0.11, then rallied to $13.73 before declining by 99.21% to its current price.
Source: CoinMarketCap
Public sentiments on the coins
The price action of the pair highlighted the impact of celebrity branding on the meme coins they endorsed, while raising concerns about investor protection following their conspicuous price decline.
As for the recent event, community reaction ranges from sarcasm about TRUMP coin dormancy to optimism about its future price action to criticisms that meme coins’ inherent volatility is wiping out investor funding and profits.
