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 Monetary’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 end result might 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, at the same time as the broader digital asset market moved greater.
The Official Trump (TRUMP) memecoin and World Liberty Monetary’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 Home of Representatives and the Senate.
Trump’s Official Memecoin Plunges as Political Assist Weakens
In keeping with CoinGecko information, 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 belongings stay tied to expectations surrounding Washington’s regulatory path and the way forward for the crypto markets.
Launched in January 2025, shortly earlier than Trump’s presidential inauguration, the Official Trump token initially attracted appreciable consideration from cryptocurrency merchants. Its worth climbed quickly, finally reaching an all-time excessive of roughly $73.43.
Nonetheless, the memecoin has since misplaced greater than 98% of its peak worth, highlighting the issue of sustaining investor enthusiasm round politically themed digital belongings.
The newest decline additionally raises questions in regards to the token’s potential to draw sustained demand past its affiliation with Trump’s public profile.
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