TRUMP memecoin hits record low near $2.60 as security scare and criticism mount

The TRUMP memecoin slid more than 10% on April 25 to around $2.60 — a record low and a collapse of over 97% from its post-inauguration peak above $75 in January 2025. Market cap has shrunk from nearly $10 billion to roughly $618 million, according to CoinMarketCap data.

The drop coincided with a security incident at the White House Correspondents' Dinner, where a man identified as Cole Allen charged a checkpoint armed with multiple weapons. President Trump was evacuated; he later confirmed on Truth Social that the suspect was subdued and that the First Lady, Vice President, and Cabinet members were unharmed.

Earlier that day, Trump hosted 297 top TRUMP token holders at Mar-a-Lago — the second such event in a year — with 29 top holders joining a private champagne reception. The elite access did nothing to arrest the token's slide.

Criticism is intensifying. Moonrock Capital founder…