The Official Trump (TRUMP) meme coin fell 14% on Saturday. The decline came as a gunman charged a Secret Service checkpoint at the White House Correspondents’ Dinner. President Trump, Vice President JD Vance, and Cabinet members were evacuated from the Washington Hilton ballroom.
Cole Tomas Allen, 31, of Torrance, California, opened fire near the checkpoint at about 8:36 p.m. and was detained. One Secret Service agent was struck in his bulletproof vest and is in good condition.
Trump Tokens Slide Despite Crypto Pep Talk
Trump’s Saturday address to meme coin holders at his Mar-a-Lago gala failed to lift the token. TRUMP traded near $2.63 by Sunday, down 96% from its January 2025 peak of $73.43. Daily volume sat near $597 million.
The slide extends a difficult month for Trump-linked tokens. World Liberty Financial (WLFI), the family-backed governance token, traded near $0.075 on Sunday. That marks an 82% drop from its September high. Lending controversies and a fraud suit from investor Justin Sun pressured holders.
Bitcoin (BTC) held its ground at $77,508 over the weekend, up about 13% for April. The reserve asset has decoupled from Trump-branded tokens. Traders cited extended Iran ceasefire talks and Strategy’s $2.5 billion bitcoin purchase as the main drivers.
Charges and What Comes Next
Allen faces federal charges, including using a firearm during a crime of violence and assault on a federal officer. According to investigators, he acted alone and was carrying a shotgun, a handgun, and knives. Meanwhile, his arraignment is scheduled for Monday in federal court.
Trump described the attacker as a “lone wolf” in remarks after the evacuation. Allen worked as an educator in Torrance. He received a “Teacher of the Month” award in late 2024.
Markets will track whether the security incident dampens appetite for politically tied tokens. Another Mar-a-Lago crypto event is still drawing whale interest despite Saturday’s selloff.
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