The official TRUMP memecoin linked to Donald Trump continued its downward trend, falling nearly 10% within 24 hours despite a private investor gathering held at Mar-a-Lago. The token is currently trading near $2.67, marking a sharp decline of more than 96% from its all-time high of $75.35 recorded in early 2025.
The exclusive event brought together 297 of the largest token holders, described as one of the most selective crypto and business gatherings associated with the project. A smaller group of 29 investors also attended a VIP reception featuring a private toast. The gathering follows an earlier contest-style event held in May last year at Trump National Golf Club, which hosted the top 220 token holders.
Trump Family Crypto Ventures Generate Significant Revenue
Financial reports suggest that the Trump family’s involvement in crypto ventures has produced substantial income. According to estimates, more than $800 million was generated from crypto related sales during the first half of 2025, with total revenue reaching approximately $864 million.
A major share of those earnings came from World Liberty Financial, which reportedly delivered around $463 million in token sales. The TRUMP memecoin itself contributed roughly $336 million in revenue. Analysts estimate that unrealized gains tied to various crypto holdings could push total crypto-related earnings above $1 billion.
Lawmakers Raise Conflict-of-Interest Concerns Over Promotion
The project has drawn scrutiny from lawmakers, including Elizabeth Warren, Richard Blumenthal, and Adam Schiff, who questioned whether promotional events tied to the token might imply privileged access to Trump.
In their letter to Bill Zanker, the senators expressed concerns that investor events could encourage additional token purchases by suggesting opportunities for direct engagement with the former president, potentially raising ethical and regulatory questions about the relationship between political figures and digital asset ventures.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.