The political-themed memecoin TRUMP, endorsed by former President Donald Trump, is experiencing a steep price decline as major holders liquidate tokens ahead of a high-profile dinner in Washington D.C. on May 22nd. This event promises to celebrate the top 220 TRUMP token holders, but early signs suggest not everyone will be present for dessert. Blockchain data reveals that two significant whale investors liquidated over $6.4 million worth of TRUMP tokens within the past 24 hours, prompting a sharp drop in price. 3hA7ex liquidated around $3.5 million worth of TRUMP coins at a loss of $454,000 while DyzM5w sold nearly $2.9 million worth of the coin for a loss of $42,000. This mass sell-off underscores ongoing concerns about the coin’s viability despite Trump’s endorsement and public appearances.