cryptowithpotato

Trump Memecoin Drops Following Spike and Controversial Dinner

by cryptowithpotato April 29, 2025

Official Trump memecoin dropped after a Monday morning rally as the opponents expressed concern over rewarding the coin’s biggest investors. What Happened: President Donald Trump linked the cryptocurrency increase to an intraday peak of $15.55 early in the morning but could not maintain the upward trend, sliding down to $14.20 overnight. The drop differed from the rest of the meme coin market, which observed its market value increase by more than 3% in the past 24 hours. The drop comes after a few Democratic lawmakers claimed Trump engaged in corrupt practices and breached federal ethical guidelines in a personal dinner invitation to the meme coin’s biggest holders. Sen. Jon Ossoff (D-Ga.) said selling access for money should lead to impeachment, while Sen. Elizabeth Warren (D-Mass.) asked the U.S. Office of Government Ethics to look into the issue. Significantly, the team under this project mentioned that Trump may not reach the gala dinner and the programme may b...

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Trump Memecoin Drops Following Spike and Controversial Dinner

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