Trump Memecoins Crash After Shooting
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A shooting incident at the White House Correspondents' Dinner on April 25 caused a sharp decline in TRUMP-themed memecoins. The attack, which forced President Trump's evacuation, triggered panic selling across political meme tokens. TRUMP tokens dropped over 40% within hours as traders fled risk-on assets amid heightened geopolitical uncertainty. The market's reaction underscores the extreme sensitivity of meme coins to real-world events, particularly those involving high-profile figures. While some recovery occurred later, volumes remain subdued as investors reassess the token's stability in light of the incident. The event highlights the fragility of speculative assets driven by sentiment rather than fundamentals.
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