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- The TRUMP memecoin drops 5.55% to $2.69, down over 96% from its $75.35 peak in 2025.
- The Mar-a-Lago event hosts 297 holders, VIPs meet for 29 despite ongoing price decline.
- Lawmakers question TRUMP event links, citing concerns over access and token fees.
The TRUMP memecoin continued its decline on Saturday as Donald Trump hosted a private event for top holders at Mar-a-Lago. The token fell despite the high-profile gathering, which aimed to sustain visibility and engagement among major investors.
As of press time, the token trades near $2.69, marking a 5.55% drop in the past 24 hours, according to CoinMarketCap data. It remains down over 96% from its all-time high of $75.35 recorded in early 2025.
TRUMP Holder Event Draws 297 Investors at Mar-a-Lago
According to The Independent report, the event brought together 297 of the largest TRUMP holders. Organizers described it as an exclusive crypto and business meeting. A smaller group of 29 attendees joined a VIP reception that included a champagne toast.
This strategy is based on a similar event that took place in May last year. That was held at Trump National Golf Club in Potomac Falls, Virginia. Approximately 220 top holders were at the previous contest-like meeting.
Cryptocurrency-related financial reports attributed to Trump have been the focus. According to a Reuters report, the Trump family made over one billion dollars in sales of digital assets in the first half of 2025. The overall revenue amounted to approximately $864 million.
Also Read: President Trump Schedules Crypto Gala for TRUMP Memecoin Holders
More than 90% of that revenue was carried out in crypto-related activities. World Liberty Financial recognized approximately $463 million in terms of token sales. The TRUMP memecoin added approximately $336 million to the sum.
TRUMP Unrealized Gains and Regulatory Pressure Mount
There are also high unrealized gains that have been estimated. According to Reuters, the total value of crypto-related assets may be more than a billion. These numbers contain holdings, which are yet to be sold.
In the past few weeks, regulatory issues have arisen. Elizabeth Warren, Richard Blumenthal, and Adam Schiff, the Democratic senators, wrote a letter to Bill Zanker. He is associated with the TRUMP memecoin.
The legislators wondered whether the incident meant that Donald Trump was accessible. They were concerned with promotions based on token purchases. The letter mentioned that these efforts would create transaction fees associated with the token.
This development is pressure on the TRUMP memecoin that is trading at its lows. The market focus is still influenced by the price trend and scrutiny.
Also Read: Ripple Effect in Digital Asset Success with Secure Custody Solutions
