TRUMP token drops over 10% after shooting incident at White House Correspondents’ Dinner.

The TRUMP cryptocurrency token fell more than 10% within 24 hours, dropping from about $3 to $2.65 after a shooting near the White House Correspondents’ Dinner in Washington, D.C. President Trump and the First Lady were evacuated safely, and the shooter was arrested. The incident caused market panic, liquidating $7.61 million in long positions. Earlier that day, Trump hosted top TRUMP token investors at Mar-a-Lago, raising questions about privileged access and token promotion. The token has lost over 96% of its value since its 2025 peak of $75.35, reflecting ongoing volatility and regulatory scrutiny.