BroadChain learned that at 15:40 on April 27, the White House Correspondents' Dinner was evacuated on April 25 due to a shooting incident. Trump confirmed on Truth Social that the suspect had been arrested. On the same day, Trump hosted 297 major holders of TRUMP meme coins at Mar-a-Lago in Florida, with 29 top holders invited to a private reception. However, this high-end gathering endorsed by the president failed to boost the coin's price—TRUMP coin fell to a historic low of $2.52 that day, plummeting over 97% from its peak of $75 during the inauguration in January 2025, with its market cap evaporating by about $100 million in a single day to $590 million.
On-chain data shows that the attending major holders collectively sold off their holdings after the event, with 45 associated wallets profiting up to $1.2 billion. Moonrock Capital founder Simon Dedic publicly criticized the incident, stating that it has damaged the crypto industry's reputation more than the FTX collapse and LUNA crash, because the sitting president blatantly used his authority to profit from retail investors. Democratic lawmakers in the U.S. have called for a special investigation into Trump's crypto strategy, with ethics experts pointing out a serious conflict of interest between his presidential power and personal digital asset holdings.