TRUMP token prices have shown a significant decline following the announcement of an upcoming dinner with Donald Trump. Analysis indicates that mass selling by key investors is the primary cause.
Decline of TRUMP Token Value
After the date for the dinner with Donald Trump was announced, set for May 12, the token price dropped from a weekly high of $15 to $12.33. This decline is primarily associated with mass selling by investors, as confirmed by data on market movements. Analysts noted that key token holders began to liquidate their assets immediately after the invitation period closed.
Dinner with Donald Trump
The dinner for the top 220 TRUMP token investors, scheduled for May 22, raises concerns about a potential further decline in prices. Despite existing short positions, analyst Few believes the token should stabilize at a certain level; however, it needs new functionalities to maintain its value.
Criticism and Influence of Foreign Investors
The upcoming dinner has also intensified criticism over the intersection of politics and personal interests, especially as not all investors are U.S. citizens. The involvement of foreign investors, such as TRON founder Justin Sun, highlights the international aspect of the event and has sparked discussions among Democrats regarding potential foreign influences. While initial bipartisan support for the new GENIUS bill was promising, recent events demonstrated that Democrats withdrew their support, citing Trump's personal interests in the cryptocurrency business.
The recent decline in TRUMP token prices underscores the critical importance of events linked to political activity and international investors. Investors are urged to remain cautious of fluctuations and speculative movements in the cryptocurrency market.
