The sharp sell-off in Trump-linked crypto assets has sparked new scrutiny across the digital assets space, especially after Trump’s token coin suffered a stunning 90% collapse.
Concerns intensified after data from CoinGecko showed that the Trump Official Token (TRUMP), a Solana-based cryptocurrency backed by the US president, fell to a record low of around $2.73 last month and is currently trading at $2.83, down 0.75% in the past 24 hours.
Moreover, as I mentioned earlier before cryptopolitan, Trump-backed WLFI token is down more than 19% this week, mainly due to complications arising from its multi-million dollar self-guaranteed loans on the Dolomite platform.
The WLFI token is down nearly 75% from its September 2025 peak at around $0.31, while the TRUMP meme token is down nearly 90% since reaching a high of over $73 in January 2025.
Trump’s involvement in the cryptocurrency ecosystem significantly increases public concern
Regarding the last symbol Price dropsProfessor Tonya Evans, Founder and CEO of Advantage Evans Global Regulatory Strategies, male “We thought Sam Bankman Fried or Gary Gensler were the worst things about the cryptocurrency industry, and they were terrible. But it turns out he was someone who surrounded himself with yes-men, took every bit of value for himself, and was quickly bankrupting companies and casinos without facing any consequences.”
Democratic lawmakers US Senators, including Elizabeth Warren, Richard Blumenthal, and Adam Schiff, have also expressed concerns about Trump’s involvement in the cryptocurrency ecosystem.
Their concerns intensified after he issued a public statement about an upcoming ceremony for coin holders scheduled for April 25. According to them, the president abused his influence by giving coin holders exclusive access to it.
In an attempt to discover the truth, the three senators wrote a letter to Bill Zanker, the person behind the Trump coin offering, asking for further clarification on the purpose of the upcoming party.
Meanwhile, Ross Gerber, co-founder, president and CEO of Gerber Kawasaki Wealth and Investment Management, earlier revealedHe issued a statement expressing his belief that the launch of these coins around the opening period, followed by a sharp rise in tokens, Declining investor participation in this sector.
“Celebrity-backed meme coins often turn out to be scams or look like one; either way, ordinary investors end up losing money while the celebrities win,” Gerber explained. According to him, people who are deceived by these scams ultimately suffer losses, as their money is stolen and not just lost.
Gerber considered this situation a critical challenge in this sector. He noted that losing money on meme coins often pushes people away from cryptocurrencies forever. Additionally, he stressed that the Trump administration’s lenient regulatory environment regarding cryptocurrencies reduces their appeal to ordinary investors.
The upcoming party for token holders is sparking heated debate
Earlier, analysts noticed a rapid increase in Trump coin prices after the announcement of a new project event including a keynote speech from Trump. The gathering, a conference and luncheon, is scheduled to be held at Mar-a-Lago on April 25 this year.
The event is aimed at major TRUMP token holders and will follow the same approach as the private dinner the project hosted last year. Furthermore, the organizers behind the event have hinted that invitations to the luncheon are limited to the top 297 eligible token holders.
In addition to the main attendees, the event will feature 18 high-profile participants, called “superstars,” including Donald Trump, who is expected to attend. This development sparked inquiries from journalists to obtain more details from the organizers.
In response, organizers said the event is designed to offer exclusive, curated experiences to a select group of participants. As part of these perks, 29 select attendees will receive VIP access, including a private tour of the Mar-a-Lago property.
