Mar-a-Lago Frenzy Fades. TRUMP Token Plunges Over 10%, Where Is the Next Support After Whales Retreat

TradingKey - The conclusion of Trump's crypto conference triggers a plunge in the TRUMP token price, which may fall further to around $1.5.

On April 26, the price of the Trump meme coin TRUMP saw a slight rebound, returning above $2.6. Yesterday, Trump held a "Crypto Conference" at Mar-a-Lago; following the event's conclusion, TRUMP experienced a typical "sell-the-news" reaction, with the price plummeting over 11% during the day to as low as $2.51.

TRUMP Token Chart, Source: CoinMarketCap

According to previously released official data, the conference was primarily for TRUMP holders, with the top 297 investors by holdings invited to attend, while the top 29 VIPs were given the opportunity for face-to-face interaction with Trump. However, Trump did not mention the token's future prospects in his speech; he merely reiterated his obligation as president to ensure the success of the crypto industry in the U.S., framing cryptocurrency and AI as core technologies for American global leadership, and promised that the White House would not allow the banking sector to obstruct or undermine such regulatory legislation.

According to CoinDesk, the TRUMP crypto conference invited many well-known figures from both within and outside the industry, such as ARK Invest founder and CEO Cathie Wood, former heavyweight champion Mike Tyson, and Tether CEO Paolo Ardoino. However, these moves did not provide substantive support and failed to reverse the sell-off.

On March 13, the eligibility for the Mar-a-Lago conference was officially announced, requiring investors to be among the top 297 holders, which spurred a nearly 50% surge in TRUMP that day. However, with the conclusion of the conference, the added value of this "admission ticket" vanished instantly, leading to a collective exit by early whales and investors near the eligibility threshold.

Naturally, the plunge in TRUMP price was also influenced by regulatory and geopolitical factors. During the conference, Congress initiated a preliminary inquiry into whether a conflict of interest exists between the token and the White House. Furthermore, the Trump administration abruptly halted the U.S.-Iran negotiation schedule yesterday, reigniting geopolitical tensions; market risk appetite declined, and highly volatile, high-risk meme coins were the first to face capital outflows.

Last January, TRUMP surged to $82, hitting an all-time high. Since then, the price has continued to decline, with a cumulative drop of over 96% to date. Such a steep decline has undoubtedly triggered a loss of market confidence, with some even fearing it could go to zero. Currently, TRUMP has fallen to a near six-month low, with the next support expected at $1.5—a level that served as the low during the October 2025 decline and is currently the lowest point.

TRUMP Token Chart (Weekly), Source: CoinMarketCap