7 hours ago
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President Trump declared the U.S. is “dominating” in Bitcoin and crypto—but TRUMP coin took a sharp dive shortly after. Was the market unimpressed by the exclusive dinner event?
Categories: Bitcoin NewsDonaldTrumpBTC Price
Trump Declares U.S. Crypto Dominance — But Market Reacts Differently
In a bold statement during a private dinner event, President Trump told attendees that the U.S. is “dominating” in Bitcoin and crypto, adding, “and we are going to keep it that way.” The declaration was meant to reaffirm his pro-crypto stance—but markets seemed to react with skepticism rather than celebration.
TRUMP coin (TRUMPUSD), which has been one of the most volatile meme coins in recent months, plunged shortly after the dinner began, leading many to believe traders were waiting for the perfect moment to short the hype.
TRUMP/USD Price Crash - TradingView
Social Media Hype vs. Market Reality
Crypto X (formerly Twitter) was buzzing all evening:
“This Trump dinner is boring lmao, for a top holder I’d expect the room to at least be a bit bigger,” one user posted, hinting at underwhelming event optics.
And Justin Sun, founder of Tron and a frequent crypto-event attendee, tweeted:
“On my way to Trump dinner @GetTrumpMemes” — adding to the anticipation.
But once the event got underway, the tone online shifted. The enthusiasm didn’t match the price action—and TRUMP coin bears took over.
Chart Analysis: Traders Sold the News
On the 2-hour TRUMP/USD chart, we can see that TRUMP was gaining momentum, peaking around $16.50, just before the event. Then, a clear rejection candle formed (marked with a red arrow), followed by a steep red candle as the price dropped to just above $14, briefly touching the 50-period SMA at $13.82.
TRUMP/USD 2-hours chart - TradingView
This looks like a textbook “sell the news” pattern.
Key Chart Takeaways:
- Sharp sell-off right after the dinner buzz peaked
- RSI dropped from 62.89 to 49.54, showing momentum shift
- Price now hovering near support at the 50-SMA — next move will be key
- Short-term bulls may step in at $13.80–$14 zone, but a break below could lead to deeper retracement
Conclusion: Talk is Cheap, Especially in Meme Coin Markets
While Trump’s words were bullish for crypto in general, the TRUMP coin selloff shows that meme coin traders still move based on sentiment, hype cycles, and social optics. The market didn’t buy into the “dominance” narrative—at least not this time.
Whether TRUMP coin can recover depends on what comes next: real utility, more strategic endorsements, or just the next viral post. Until then, traders are watching closely—and clearly, they're not afraid to sell the top.
Article By
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
Trump Declares U.S. Crypto Dominance — But Market Reacts Differently
In a bold statement during a private dinner event, President Trump told attendees that the U.S. is “dominating” in Bitcoin and crypto, adding, “and we are going to keep it that way.” The declaration was meant to reaffirm his pro-crypto stance—but markets seemed to react with skepticism rather than celebration.
TRUMP coin (TRUMPUSD), which has been one of the most volatile meme coins in recent months, plunged shortly after the dinner began, leading many to believe traders were waiting for the perfect moment to short the hype.
TRUMP/USD Price Crash - TradingView
Social Media Hype vs. Market Reality
Crypto X (formerly Twitter) was buzzing all evening:
“This Trump dinner is boring lmao, for a top holder I’d expect the room to at least be a bit bigger,” one user posted, hinting at underwhelming event optics.
And Justin Sun, founder of Tron and a frequent crypto-event attendee, tweeted:
“On my way to Trump dinner @GetTrumpMemes” — adding to the anticipation.
But once the event got underway, the tone online shifted. The enthusiasm didn’t match the price action—and TRUMP coin bears took over.
Chart Analysis: Traders Sold the News
On the 2-hour TRUMP/USD chart, we can see that TRUMP was gaining momentum, peaking around $16.50, just before the event. Then, a clear rejection candle formed (marked with a red arrow), followed by a steep red candle as the price dropped to just above $14, briefly touching the 50-period SMA at $13.82.
TRUMP/USD 2-hours chart - TradingView
This looks like a textbook “sell the news” pattern.
Key Chart Takeaways:
- Sharp sell-off right after the dinner buzz peaked
- RSI dropped from 62.89 to 49.54, showing momentum shift
- Price now hovering near support at the 50-SMA — next move will be key
- Short-term bulls may step in at $13.80–$14 zone, but a break below could lead to deeper retracement
Conclusion: Talk is Cheap, Especially in Meme Coin Markets
While Trump’s words were bullish for crypto in general, the TRUMP coin selloff shows that meme coin traders still move based on sentiment, hype cycles, and social optics. The market didn’t buy into the “dominance” narrative—at least not this time.
Whether TRUMP coin can recover depends on what comes next: real utility, more strategic endorsements, or just the next viral post. Until then, traders are watching closely—and clearly, they're not afraid to sell the top.
Article By
Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
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