Trump Crypto Dinner Update: Here's Everything You Need to Know

In a bold statement at a private dinner event, President Trump told attendees that the United States is "dominating" Bitcoin and cryptocurrency, adding "and we will continue to do so." This statement aims to reaffirm his support for cryptocurrency, but the market seems to respond with skepticism rather than celebration. The TRUMP coin ( TRUMPUSD ), one of the most volatile meme coins in recent months, plummeted right after dinner started, leading many to believe that traders are waiting for the perfect moment to short sell.

The Hype of Social Media Compared to Market Reality Crypto X ( was previously Twitter) that had been buzzing all night: "This dinner with Trump is so boring, with a leader like this, I expected the room to be at least a little bigger," a user posted, referring to the unimpressive scenery of the event. And Justin Sun, the founder of Tron and a frequent attendee of cryptocurrency events, tweeted: "On the way to Trump's dinner @GetTrumpMemes" — further increasing the anticipation. But when the event started, the online tone changed. The enthusiasm did not match the price action—and the short sellers took over. Chart Analysis: Traders Have Sold News On the TRUMP/USD 2-hour chart, we can see that TRUMP is gaining momentum, reaching a peak of around $16.50 just before the event. After that, a clear rejection candle formed ( marked by a red arrow ), followed by a downward red candle as the price dropped to just above $14, lightly touching the 50-period SMA at $13.82.

This looks like a "news selling" model from a textbook. Key Points of the Chart: Strong sell-off right after the dinner frenzy peaked. RSI dropped from 62.89 to 49.54, indicating a change in momentum. The price is currently hovering near the support level at 50-SMA — the next move will be key. Short-term bulls may enter the $13.80–$14 range, but if it breaks below that, it could lead to a deeper retreat. Conclusion: It's Easy to Say, Especially in the Meme Coin Market While Trump's comments seem optimistic about cryptocurrency in general, the sell-off of the TRUMP coin shows that meme coin traders still act based on sentiment, hype cycles, and social views. The market does not believe in the "dominance" narrative—at least not this time. Whether the TRUMP coin can recover or not depends on what happens next: real utility, more strategic endorsements, or just the next viral post. Until then, traders are watching closely—and clearly they are not afraid to sell at the highs.