{"id":494712,"date":"2025-05-25T00:30:31","date_gmt":"2025-05-24T19:00:31","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=494712"},"modified":"2025-05-25T16:01:23","modified_gmt":"2025-05-25T10:31:23","slug":"why-memecoins-are-down-today-how-trumps-gala-dinner-played-a-part","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/why-memecoins-are-down-today-how-trumps-gala-dinner-played-a-part\/","title":{"rendered":"Why memecoins are down today? How Trump&#8217;s gala dinner played a part"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em>Memecoins lost 7.5% in market cap as Bitcoin fell 4.5%, dragging sentiment down sharply.<\/em><\/li>\n<li><em>DOJ probe into Trump\u2019s crypto dinner triggered market-wide panic and $598M in total liquidations.<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Bitcoin\u2019s [BTC]<\/a> 4.5% drop earlier today didn\u2019t just drag the broader market\u2014it wrecked memecoins.<\/p>\n<p>The meme sector&#8217;s market cap fell 7.5%, while trading volumes tanked by 10.35%, according to data reviewed by AMBCrypto.<\/p>\n<p>And that wasn\u2019t all.<\/p>\n<h2><b>Massive selloff in memecoins<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Amid this, <a href=\"https:\/\/ambcrypto.com\/category\/pepe-coin-news\/\" target=\"_blank\" rel=\"noopener\">Pepe [PEPE]<\/a>, <a href=\"https:\/\/ambcrypto.com\/predictions\/official-trump-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Official Trump [TRUMP]<\/a>, <a href=\"https:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\">dogwifhat [WIF]<\/a>, and <a href=\"https:\/\/ambcrypto.com\/category\/floki-news\/\" target=\"_blank\" rel=\"noopener\">Floki [FLOKI]<\/a> were among the hardest hit, recording price declines of 11%, 9%, 12.5%, and 9.5%, respectively, during the same period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The ongoing dip in the above memecoins does not appear to be just a dip; it seems more like a crash, as the prices continue to decline and have changed the overall price action.<\/span><\/p>\n<h2>But why did the memecoin floor fall out?<\/h2>\n<p><span style=\"font-weight: 400;\">The potential reason behind this brutal dip in crypto memecoins is the recent move by <a href=\"https:\/\/casten.house.gov\/media\/press-releases\/casten-smith-demand-doj-investigation-into-trump-crypto-dinner\" target=\"_blank\" rel=\"noopener\">U.S. lawmakers<\/a>, who urged the Justice Department to investigate President Donald Trump&#8217;s crypto dinner.<\/span><\/p>\n<figure id=\"attachment_494726\" aria-describedby=\"caption-attachment-494726\" style=\"width: 1445px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T141515.077.png\"><img decoding=\"async\" class=\"wp-image-494726 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T141515.077.png\" alt=\"Investigation Into Trump Crypto Dinner\" width=\"1445\" height=\"710\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T141515.077.png 1445w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T141515.077-300x147.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T141515.077-1024x503.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T141515.077-768x377.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T141515.077-1200x590.png 1200w\" sizes=\"(max-width: 1445px) 100vw, 1445px\" \/><\/a><figcaption id=\"caption-attachment-494726\" class=\"wp-caption-text\">Source: Press release by U.S. Congressmen Sean Casten<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The announcement of this investigation created panic, leading to a notable decline in major assets such as Bitcoin and <a href=\"https:\/\/ambcrypto.com\/predictions\/ethereum-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Ethereum [ETH]<\/a>, and causing total liquidations to exceed $598 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The majority of the liquidations came from long positions, which accounted for $508.66 million, while short positions saw $89.59 million in liquidations. This indicates that the bulls were hit the hardest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The $600 million in total liquidations not only impacted major assets but also triggered a 7.5% crash in the overall memecoin market cap.<\/span><\/p>\n<p>The signal was clear\u2014bulls got caught off guard.<\/p>\n<h2><b>Are whales buying the dip?<\/b><\/h2>\n<p>While prices dipped, wallets got busy.<\/p>\n<p><span style=\"font-weight: 400;\">According to Spot Inflow\/Outflow data by CoinGlass, exchanges across the globe have recorded outflows of $38.79M in <a href=\"https:\/\/www.coinglass.com\/currencies\/PEPE\">PEPE<\/a>, $33.81M in TRUMP, $17.19M in WIF, and $2.13M in FLOKI.\u00a0<\/span><\/p>\n<figure id=\"attachment_494800\" aria-describedby=\"caption-attachment-494800\" style=\"width: 1710px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336.png\"><img decoding=\"async\" class=\"wp-image-494800 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336.png\" alt=\"PEPE Spot Inflow\/Outflow\" width=\"1710\" height=\"491\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336.png 1710w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336-300x86.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336-1024x294.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336-768x221.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336-1536x441.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/image-2025-05-24T155046.336-1200x345.png 1200w\" sizes=\"(max-width: 1710px) 100vw, 1710px\" \/><\/a><figcaption id=\"caption-attachment-494800\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This substantial outflow from exchanges in the current market conditions indicates potential accumulation, which could lead to buying pressure and a further upside rally.<\/span><\/p>\n<h2><b>What&#8217;s next for the memecoins?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Following the notable 11% price decline, PEPE failed to hold its recent breakout above the key resistance level of $0.0000145 and fell below this level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If market sentiment remains unchanged, the memecoin could see a further price decline of 14%, potentially reaching the $0.000012 level.<\/span><\/p>\n<figure id=\"attachment_494717\" aria-describedby=\"caption-attachment-494717\" style=\"width: 1446px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PEPEUSDT_2025-05-24_14-08-38.png\"><img decoding=\"async\" class=\"wp-image-494717 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PEPEUSDT_2025-05-24_14-08-38.png\" alt=\"PEPE meme coin \" width=\"1446\" height=\"793\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PEPEUSDT_2025-05-24_14-08-38.png 1446w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PEPEUSDT_2025-05-24_14-08-38-300x165.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PEPEUSDT_2025-05-24_14-08-38-1024x562.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PEPEUSDT_2025-05-24_14-08-38-768x421.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PEPEUSDT_2025-05-24_14-08-38-1200x658.png 1200w\" sizes=\"(max-width: 1446px) 100vw, 1446px\" \/><\/a><figcaption id=\"caption-attachment-494717\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The TRUMP memecoin, following its recent dip, has fallen to its key support area of $12.50. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This level has a strong history of price reversals; whenever the price has reached this level, it tends to see an upside rally of 20%, which could be possible for the TRUMP memecoin in the coming days.<\/span><\/p>\n<figure id=\"attachment_494719\" aria-describedby=\"caption-attachment-494719\" style=\"width: 1446px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/TRUMPUSDT_2025-05-24_14-09-12.png\"><img decoding=\"async\" class=\"wp-image-494719 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/TRUMPUSDT_2025-05-24_14-09-12.png\" alt=\"TRUMP meme coin chart \" width=\"1446\" height=\"793\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/TRUMPUSDT_2025-05-24_14-09-12.png 1446w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/TRUMPUSDT_2025-05-24_14-09-12-300x165.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/TRUMPUSDT_2025-05-24_14-09-12-1024x562.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/TRUMPUSDT_2025-05-24_14-09-12-768x421.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/TRUMPUSDT_2025-05-24_14-09-12-1200x658.png 1200w\" sizes=\"(max-width: 1446px) 100vw, 1446px\" \/><\/a><figcaption id=\"caption-attachment-494719\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">With the recent price dip, WIF has formed a bearish pin bar candlestick pattern at the resistance level, which has a history of price reversals. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to this historical pattern, whenever the memecoin\u2019s price reached this level, it mostly experienced downside momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the current market sentiment, it seems likely that history will repeat, and WIF could see a price decline of 15% until it reaches the next support level at $0.93.<\/span><\/p>\n<figure id=\"attachment_494720\" aria-describedby=\"caption-attachment-494720\" style=\"width: 1446px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/WIFUSDT_2025-05-24_14-09-51.png\"><img decoding=\"async\" class=\"wp-image-494720 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/WIFUSDT_2025-05-24_14-09-51.png\" alt=\"WIF meme coin chart\" width=\"1446\" height=\"793\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/WIFUSDT_2025-05-24_14-09-51.png 1446w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/WIFUSDT_2025-05-24_14-09-51-300x165.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/WIFUSDT_2025-05-24_14-09-51-1024x562.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/WIFUSDT_2025-05-24_14-09-51-768x421.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/WIFUSDT_2025-05-24_14-09-51-1200x658.png 1200w\" sizes=\"(max-width: 1446px) 100vw, 1446px\" \/><\/a><figcaption id=\"caption-attachment-494720\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Similar to WIF, FLOKI has also formed a bearish engulfing candlestick pattern at the top of the resistance level, indicating a potential price decline. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Historically, this level has acted as an area of selling pressure, and whenever the price reached this level, it recorded downside momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the current market sentiment remains unchanged, FLOKI could see a price decline of 12% until it reaches the next support.<\/span><\/p>\n<figure id=\"attachment_494723\" aria-describedby=\"caption-attachment-494723\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52.png\"><img decoding=\"async\" class=\"wp-image-494723 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52.png\" alt=\"FLOKI meme coin chart \" width=\"1814\" height=\"793\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52-300x131.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52-1024x448.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52-768x336.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52-1536x671.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/FLOKIUSDT_2025-05-24_14-07-52-1200x525.png 1200w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-494723\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Trump\u2019s crypto dinner fallout just wrecked memecoins\u2014yet whales might\u2019ve spotted a rare entry window.<\/p>\n","protected":false},"author":97,"featured_media":494733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6391,5824,66,3,6390,20],"tags":[6427,6425],"class_list":["post-494712","post","type-post","status-publish","format-standard","has-post-thumbnail","category-floki-news","category-memecoins","category-new-news","category-news","category-pepe-coin-news","category-trading-view","tag-ambcrypto","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - 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