Trump Memecoin Dips After Early Spike As Dinner With President Attracts Criticism

Benzinga

The Trump meme coin gave up early gains Monday as opposition lawmakers raised concerns about the cryptocurrency’s ties to President Donald Trump, according to Benzinga. TRUMP climbed to an intraday high of $15.55 before returning to $14.20 overnight. The decline contrasted with a broader meme coin rally that lifted the sector’s market capitalization by more than 3% in the last 24 hours. The dip followed accusations from Democratic lawmakers, who alleged corruption and called for an ethics probe after reports that TRUMP's largest holders were invited to a private dinner. The project’s team stated Trump may not attend the event and it could be canceled or rescheduled.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The Trump meme coin gave up early gains Monday as opposition lawmakers raised concerns about

00:06the cryptocurrency's ties to President Donald Trump. According to Benzinga,

00:10Trump coin climbed to an intraday high of $15 before returning to $14 overnight.

00:15The decline contrasted with a broader meme coin rally that lifted the sector's market

00:19capitalization by more than 3% in the last 24 hours. The dip followed accusations from

00:24Democratic lawmakers who alleged corruption and called for an ethics probe after reports

00:29that Trump's largest holders were involved in a private dinner. The project's team stated

00:33Trump may not attend the event and it could be canceled or rescheduled.

00:37For all things money, visit Benzinga.com slash GSTV.

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