The Trump meme coin gave up early gains Monday as opposition lawmakers raised concerns about the cryptocurrency’s ties to President Donald Trump, according to Benzinga. TRUMP climbed to an intraday high of $15.55 before returning to $14.20 overnight. The decline contrasted with a broader meme coin rally that lifted the sector’s market capitalization by more than 3% in the last 24 hours. The dip followed accusations from Democratic lawmakers, who alleged corruption and called for an ethics probe after reports that TRUMP's largest holders were invited to a private dinner. The project’s team stated Trump may not attend the event and it could be canceled or rescheduled.
