Trump’s Memecoin Momentum Fades Ahead of Mar-a-Lago Conference

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Source: Politico
TL;DR Summary

Trump’s $TRUMP memecoin has fallen more than 95% from its January 2025 high, and a Mar-a-Lago investor dinner this weekend is drawing far less trading than last year’s event. Where the 2025 run-up saw about $12.9 billion in token trading, this year’s activity sits around $1.4 billion. Critics call the venture a self-enriching scheme and ethics watchdogs are watching for conflicts of interest as Senate Democrats push for stronger guardrails. The Mar-a-Lago lineup includes crypto executives plus Mike Tyson and Tony Robbins; Trump will speak at the luncheon and is expected to be in Washington later for the White House Correspondents’ Dinner.

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