Trump Meme Coin Event Sees 90% Drop in VIP Buy-In as Hype Cools
- VIP entry costs have dropped by roughly 90%, signalling weaker demand for TRUMP token-linked access.
- The token’s steep price decline and shrinking market cap reflect broader cooling across the memecoin sector.
- Whale accumulation persists, but retail demand and political scrutiny add pressure to sentiment.
Donald Trump’s latest TRUMP memecoin event at Mar-a-Lago highlights a sharp decline in enthusiasm, with entry requirements for VIP access dropping significantly year-on-year. Attendance is determined through a ranking system based on token holdings over a defined period, shaping who qualifies for the gathering.
This year, VIP eligibility required holdings of about US$300,000 (AU$423,000), compared with roughly US$3 million (AU$4.23 million) during the previous event cycle. The reduction signals a notable shift in demand for the token and its associated perks.
Price performance has mirrored this trend, with the asset now trading around US$2.80 (AU$3.95), down substantially from earlier highs and reflecting a broader downturn in valuation. The token’s market capitalisation has also dropped to about US$655 million (AU$923.55 million), far below its earlier peak.
Related: Saylor’s Strategy Nears 800K Bitcoin as Billion-Dollar Buying Spree Continues
Divergent Investor Behaviour
Even so, the event continues to emphasise exclusivity, with top holders receiving enhanced access, including private sessions alongside the main programme. Participation remains limited, with only a select group achieving VIP status.
Meanwhile, blockchain data indicates ongoing accumulation by large investors, as some holders withdraw tokens from exchanges ahead of the event. This contrasts with weaker retail engagement and sustained selling activity in derivatives markets.
Political attention has intensified as well, with US senators seeking clarity on the event’s structure and potential conflicts of interest.
Overall, the reduced buy-in and declining metrics point to fading speculative momentum surrounding the TRUMP token, even as organisers maintain its high-profile positioning.
Related: Trump-Backed American Bitcoin Hits 7,000 BTC as Stock Slides Into Penny Territory
The post Trump Meme Coin Event Sees 90% Drop in VIP Buy-In as Hype Cools appeared first on Crypto News Australia.
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