The Official Trump (TRUMP) meme coin, which was probably a terrible idea from the start, plummeted 14% on Saturday, because apparently, even the digital universe has its limits. The decline came as a gunman charged a Secret Service checkpoint at the White House Correspondents’ Dinner, proving once again that chaos is the only constant in politics.
Cole Tomas Allen, 31, of Torrance, California, opened fire near the checkpoint at about 8:36 p.m. and was detained. One Secret Service agent was struck in his bulletproof vest and is in good condition. Because nothing says “I’m a threat” like trying to get past a bulletproof vest, right?
Trump Tokens Slide Despite Crypto Pep Talk
Trump’s Saturday address to meme coin holders at his Mar-a-Lago gala failed to lift the token. TRUMP traded near $2.63 by Sunday, down 96% from its January 2025 peak of $73.43. Daily volume sat near $597 million. Perhaps the only thing more predictable than a Trump speech is the decline of a Trump-related token.
The slide extends a difficult month for Trump-linked tokens. World Liberty Financial (WLFI), the family-backed governance token, traded near $0.075 on Sunday. That marks an 82% drop from its September high. Lending controversies and a fraud suit from investor Justin Sun pressured holders. Because nothing says “financial stability” like a fraud suit from someone named Justin Sun.
Bitcoin (BTC) held its ground at $77,508 over the weekend, up about 13% for April. The reserve asset has decoupled from Trump-branded tokens. Traders cited extended Iran ceasefire talks and Strategy’s $2.5 billion bitcoin purchase as the main drivers. Meanwhile, the Trump token was busy wondering why it’s not the center of attention.
“A man charged a security checkpoint armed with multiple weapons, and he was taken down by some very brave members of Secret Service.” – President Donald J. Trump
– The White House (@WhiteHouse) April 26, 2026
Charges and What Comes Next
Allen faces federal charges, including using a firearm during a crime of violence and assault on a federal officer. According to investigators, he acted alone and was carrying a shotgun, a handgun, and knives. Meanwhile, his arraignment is scheduled for Monday in federal court. Because nothing says “I’m a model citizen” like being a lone wolf with a shotgun and a teacher’s award.
Trump described the attacker as a “lone wolf” in remarks after the evacuation. Allen worked as an educator in Torrance. He received a “Teacher of the Month” award in late 2024. Because nothing says “I’m a responsible adult” like being a teacher and then trying to shoot your way into a gala.
Markets will track whether the security incident dampens appetite for politically tied tokens. Another Mar-a-Lago crypto event is still drawing whale interest despite Saturday’s selloff. Because nothing says “investor confidence” like a crypto event that’s still attracting whales even after a selloff. Maybe they’re just there for the snacks.
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2026-04-26 13:25