Trump crypto tokens led losses across the digital asset market after Democrats secured control of both chambers of Congress in the November 3 midterm elections. The Official Trump (TRUMP) memecoin dropped approximately 17% in 24 hours to $1.33, while World Liberty Financial’s WLFI token declined more than 7% to around $0.047.
Melania Trump’s MELANIA token also suffered a significant decline, falling nearly 13%. The selloff contrasted with a broader crypto market recovery, as Bitcoin gained more than 4% and Ethereum advanced approximately 6%.
The election outcome could complicate the administration’s crypto agenda while increasing political and regulatory scrutiny of Trump-associated digital asset ventures. Cryptocurrencies connected to US President Donald Trump experienced a sharp decline following the Democrats’ victory in the November 3 midterm elections, even as the wider digital asset market moved higher.
The Official Trump (TRUMP) memecoin and World Liberty Financial’s WLFI token were among the weakest performers across the top 100 cryptocurrencies on Wednesday, November 4. The losses of the Trump crypto tokens followed a major shift in Washington, with Democrats securing control of both the House of Representatives and the Senate.
Trump’s Official Memecoin Plunges as Political Support Weakens
According to CoinGecko data, TRUMP dropped approximately 17% over 24 hours to $1.33, while WLFI lost more than 7%, trading near $0.047.
The reaction highlights how closely certain politically associated digital assets remain tied to expectations surrounding Washington’s regulatory direction and the future of the crypto markets.
Introduced in January 2025, shortly before Trump’s presidential inauguration, the Official Trump token initially attracted considerable attention from cryptocurrency traders. Its price climbed rapidly, eventually reaching an all-time high of approximately $73.43.
However, the memecoin has since lost more than 98% of its peak value, highlighting the difficulty of maintaining investor enthusiasm around politically themed digital assets.
The latest decline also raises questions about the token’s ability to attract sustained demand beyond its association with Trump’s public profile.
Discover more from Coin Gazette
Subscribe to get the latest posts sent to your email.
