The TRUMP token experienced a sharp decline of 20%, dropping to $2.5, after a high-profile event at Mar-a-Lago and subsequent sell-offs by the Trump family. The event, touted as an exclusive crypto and business conference, saw participation from top token holders and featured a keynote speech by Trump, who emphasized his commitment to supporting the crypto industry. Despite the initial hype, the token's value fell significantly, erasing over $160 million from its market cap. Reports indicate that the Trump family has been selling off crypto assets, contributing to the token's decline. The TRUMP token, which once peaked at over $73, remains down more than 96% from its all-time high.