Colorectal cancer (
CRC
) is the third most commonly diagnosed malignancy worldwide and remains a major public health issue. Therefore, further investigation is required to delineate the cellular and molecular mechanisms underlying colorectal tumorigenesis. Using
CRC
data taken from The Cancer Genome Atlas, we determined that the expression of otopetrin 2 (
OTOP
2) is highly correlated with malignancy grade and rate of patient survival. Here, we report that
OTOP
2 is down‐regulated in cancerous tissues and that elevated
OTOP
2 effectively suppresses tumor proliferation
in vitro
. We demonstrate that wild‐type p53 (wtp53), but not mutant p53 (mtp53), can regulate the transcription of
otop2
in
CRC
cells. Subsequently, we investigate the chromatin architecture of the
otop2
promoter, whereby we discover alterations in p53‐dependent
DNA
loop organization and
CCCTC
‐binding factor (
CTCF
) binding between cells with wtp53 and mtp53. In conclusion, our study promotes an in‐depth understanding of tumorigenesis, which may also lead to the development of therapeutic applications targeting human malignancy.