The TRUMP token experienced a significant price drop following the announcement of a private dinner hosted by Donald Trump. Scheduled for May 12, the event sparked widespread selling pressure, leading to a plummet from $15 to $12.33 within just one week. This sell-off was driven primarily by strategic moves from key investors rather than general market fluctuations. 220 prominent TRUMP token holders, including those invited to the VIP dinner, received exclusive invitations for this event. Speculative trading contributed to the decline as some participants took short positions anticipating a price decrease following the announcement period’s close. Transaction data indicated negative funding rates, directly correlating the token’s depreciation to the announcement of the event and subsequent shifts in market demand.