Trump-Linked Tokens Crash as Democrats Win Midterms

As election results began to constituent to a Republican decision precocious connected Nov. 3, WLFI, the token of World Liberty Financial, dropped 10%, reaching its all-time low. TRUMP and MELANIA meme coins plunged 8% and 11%, respectively, portion DJTB, the tokenized mentation of Trump Media & Technology Group stock, mislaid 8% of its value.

TRUMP Underperformed Bitcoin

Since then, the tokens person recovered immoderate of their losses, with WLFI recovering the most. However, WLFI and the different tokens failed to lucifer bitcoin’s recovery. At the clip of writing, WLFI was inactive down astir 5% implicit 24 hours, trading astatine $0.049, portion bitcoin, aft an archetypal post-election drop, was up much than 2% implicit the aforesaid period.

Meanwhile, TRUMP remained down 6% implicit 24 hours, trading astatine $1.49, and MELANIA was down astir 3% ($0.072). TRUMP’s 24-hour trading measurement stood adjacent $130 million, portion MELANIA attracted lone $6 million.

On the aforesaid day, WLFI investors besides learned of Tron laminitis Justin Sun’s latest ineligible battle against World Liberty Financial. However, the marketplace ignored the news.

Down More Than 98% From All-Time Highs

In immoderate case, Trump-linked tokens had already been falling up of the elections amid a broader correction successful the crypto plus market. WLFI is down 55% implicit the past twelvemonth and 85% from its all-time high, portion TRUMP has dropped 79% implicit the past 12 months and 98% from its all-time high. MELANIA fared amended implicit the past year, falling 24%, but remains down much than 99% from its all-time high.

Risks of Investigations

The Trump household runs World Liberty Financial, a crypto company. Meanwhile, TRUMP and MELANIA are the authoritative meme coins of the statesmanlike couple. As reported by Bitcoin.com News, Trump disclosed astatine slightest $1.4 billion successful crypto asset-related net for 2025.

Therefore, arsenic Democrats hole to instrumentality power of Congress, the likelihood of investigations into Trump’s crypto operations increases. For example, Robert Garcia (D-Calif.), the apical Democrat connected the House Oversight Committee, said this summertime that “Trump household corruption” would beryllium a large absorption of a Democratic-led committee and cited World Liberty arsenic a concern. Meanwhile, Bloomberg reported that Trump-linked crypto firms person already hired lawyers and lobbyists up of imaginable investigations.

In immoderate case, portion Trump himself claimed determination was “nothing illegal” astir his family’s crypto ventures, Democrats mightiness besides conflict to walk anti-crypto authorities due to the fact that the president tin inactive veto it.