The Trump Token price suffered a major depreciation after the finalization of those invited for the special crypto dinner event of Donald Trump. The latest data shows that the main reason for this decline is that investors’ mass sales after May 12, determined for dinner. Token price decreased from $ 15 to 12.33 dollars, which is a weekly peak.
Trump Coin drop
According to the data described, this sudden decrease in prices is attributed to the sales tendency of leading investors rather than normal crypto market fluctuations. Crypto analyst Few said that the movements on the network show that a large number of asset owners sell tokens, and that this sale gained momentum after the end of the participation in the dinner event.
“People closed all $ Trump Hedge and sold some of their tokens because the participation time was completed.” – Few
The first 220 of the Trump Token investors were invited to a special dinner to be held on May 12th. Just before this date, some investors reportedly took short positions on the token, that is, the price will fall.
When On-Chain operations are examined, it is seen that funding rates turn negatively. In summary, the decline is related to the reversal of the demand triggered by dinner.
Dinner with Trump
As the event will take place on May 22, some concerns about the Token value may be more decreased. Analyst Few argued that despite all short positions, the token price would remain at a certain level, but new functions should be developed to avoid depreciation of the token.
Although the interest in the event increased, the organization also caused various criticisms. In particular, while the intertwined of politics and personal interests were criticized, the lack of US citizens with the highest token in the event brought up the possible external discussions from the external influence.
The fact that some foreign investors, such as Justin Sun, the founder of Tron, also participate in dinner points to the international dimension of the event. The fact that many of the top names in the leader ranking have a good debate for the democrats is a good debate. Although the two -party support for GENIUS gave hope, the democrats took a step back in the vote last week, emphasizing Trump’s personal interests in crypto business.
The sharp decrease in the last days of the Trump Token price, the finalization of the criteria of participation in the event and the decrease in the expectations of investors after the event. Analyst comments, potential new functions or developments on the price can be effective. The high participation in dinner, tokena keeps interest alive, while the origins of the participants of the event continue to be the subject of discussion. Investors are recommended to be cautious against volatility and speculative movements in token price.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
