Trump Crypto Tokens Crash as Democrats Take Control of Congress
Trump crypto tokens led losses throughout the digital asset market after Democrats secured management of each chambers of Congress within the November 3 midterm elections. The Official Trump (TRUMP) memecoin dropped roughly 17% in 24 hours to $1.33, whereas World Liberty Financial’s WLFI token declined greater than 7% to round $0.047.
Melania Trump’s MELANIA token additionally suffered a major decline, falling almost 13%. The selloff contrasted with a broader crypto market restoration, as Bitcoin gained greater than 4% and Ethereum superior roughly 6%.
The election outcome could complicate the administration’s crypto agenda whereas rising political and regulatory scrutiny of Trump-associated digital asset ventures. Cryptocurrencies linked to US President Donald Trump skilled a pointy decline following the Democrats’ victory within the November 3 midterm elections, even as the broader digital asset market moved increased.
The Official Trump (TRUMP) memecoin and World Liberty Financial’s WLFI token had been among the many weakest performers throughout the highest 100 cryptocurrencies on Wednesday, November 4. The losses of the Trump crypto tokens adopted a significant shift in Washington, with Democrats securing management of each the House of Representatives and the Senate.
Trump’s Official Memecoin Plunges as Political Support Weakens
According to CoinGecko data, TRUMP dropped roughly 17% over 24 hours to $1.33, whereas WLFI misplaced greater than 7%, buying and selling close to $0.047.
The response highlights how intently sure politically related digital property stay tied to expectations surrounding Washington’s regulatory course and the long run of the crypto markets.
Introduced in January 2025, shortly earlier than Trump’s presidential inauguration, the Official Trump token initially attracted appreciable consideration from cryptocurrency merchants. Its value climbed quickly, finally reaching an all-time high of roughly $73.43.
However, the memecoin has since misplaced greater than 98% of its peak worth, highlighting the problem of sustaining investor enthusiasm round politically themed digital property.
The newest decline additionally raises questions in regards to the token’s capacity to draw sustained demand past its affiliation with Trump’s public profile.
