Magic Eden's (ME) token has plunged over 15% in the past 24 hours, trading at approximately $0.87, following controversy over a Trump-branded crypto wallet. The token, which had recently peaked at $1.15, is now approaching its all-time low of $0.78. The decline was triggered by Magic Eden's announcement of a partnership with GetTrumpMemes.com, promoting a 'First and Only Crypto Wallet for True Trump Fans.' However, Donald Trump Jr. and Eric Trump denied any affiliation with the wallet, causing market uncertainty. Technical analysis indicates potential further declines, with the Relative Strength Index (RSI) below 50 and the Moving Average Convergence Divergence (MACD) showing bearish momentum. The ME token may test the $0.78 support level if the negative sentiment persists.