Trump memecoin drops 14% after assassination attempt on President Trump
The official Trump memecoin fell over 14% in three days following an assassination attempt on President Donald Trump, losing about $100 million in market value to around $591 million. Despite support from the Trump family, investor interest has declined, with trading volume down 61%. The token's price has dropped over 96% since its January 2025 peak, reflecting its sensitivity to political events tied to Trump's presidency. The memecoin's future remains uncertain amid ongoing political risks.
