Trump dips below $15 amid criticism over exclusive dinner event

The Trump-associated cryptocurrency, $TRUMP (CRYPTO:TRUMP), gave up early gains Monday after surging to an intraday high of $15.55 but retreated to around $14.20 amid growing criticism from Democratic lawmakers over a private dinner invitation extended to the coin’s largest holders.

The meme coin’s price movement diverged from the broader meme coin market, which saw a 3% rise in capitalisation over the same period.

Senators Jon Ossoff and Elizabeth Warren voiced concerns that the dinner invitation, perceived as selling access to the former president in exchange for payments, could constitute corruption and violate federal ethics rules. Warren has called for intervention by the U.S. Office of Government Ethics, while Ossoff described the event as potentially impeachable.

The project team later indicated that Trump might not attend the gala dinner, and the event could be canceled or rescheduled at their discretion.

The announcement of the exclusive dinner had previously fueled a 65% surge in the token’s price last week.

According to the project’s official X account, the unlocking of TRUMP tokens has been delayed by an additional three months, extending the vesting period for insiders controlling 80% of the token supply.

Only 20% of TRUMP tokens are currently available for public trading, with the remainder locked under a three-year vesting schedule.

The token’s price remains highly volatile and sensitive to political events and media attention, with trading volumes spiking whenever Trump headlines dominate news cycles.

Market analysts note that TRUMP’s price swings are largely driven by short-term speculation and FOMO rather than long-term investor conviction.

At the time of reporting, the TRUMP price was $14.11.