Trump-linked tokens plunge as Democratic midterm sweep triggers probe concerns
Cryptocurrency tokens tied to Donald Trump and his family dropped sharply after Democrats swept the U.S. midterm elections, diverging from a broader market rally as lawmakers prepare to investigate Trump-affiliated crypto ventures.
Trump-affiliated digital assets tumbled following Democratic victories in the U.S. midterm elections, contrasting with gains across major cryptocurrencies. Cointelegraph reported that the official Trump token and World Liberty Financial's token ranked as the two biggest losers among the top 100 cryptocurrencies on Wednesday, even as Bitcoin climbed 4% and Ethereum advanced 6%. Broader market outlets, including Decrypt and SolanaFloor, similarly reported a wider crypto rally following the election results.[2][5][6][10]
The TRUMP token sank roughly 17% to 21%, touching $1.25 to $1.33 and bringing its market capitalization to $358 million, according to Market Insider, Cointelegraph, and Coin Bureau. Coin Bureau noted that the asset is now down roughly 98% from its record high of $73.43 set in January 2025. Other family-associated tokens also posted sharp declines: MELANIA slid between 13% and 15% to approximately $0.065, down 99.5% from its peak, while World Liberty Financial's WLFI dropped 4% to over 7% to around $0.047 to $0.048.[1][2][3][4][7][9]
The sell-off comes as Democrats prepare to take control of Congress in January, having signaled plans to scrutinize and investigate Trump family crypto ventures, according to Coin Bureau and Watcher.Guru. Cointelegraph and Bloomberg reported that the Democratic sweep rattled politically exposed crypto holdings and amplified uncertainty surrounding future U.S. digital-asset legislation. Coin Bureau also cited a Reuters estimate that the Trump family made at least $2.3 billion from four crypto projects since Trump's return to the White House, while investors lost a similar sum.[1][2][8][9]
Key facts
- The official TRUMP token and World Liberty Financial (WLFI) token were the two biggest decliners among the top 100 cryptocurrencies following the Democratic midterm victory.
- Bitcoin rose 4% and Ethereum gained 6% during the same session that Trump-linked tokens dropped.
- The TRUMP token fell between 17% and 21% down to roughly $1.25 to $1.33, sitting roughly 98% below its peak of $73.43.
- The MELANIA token fell 13% to 15% to about $0.065, while WLFI dropped 4% to over 7% to approximately $0.047 to $0.048.
- Democrats taking control of Congress in January have announced plans to investigate Trump family crypto ventures.
- A Reuters estimate cited by Coin Bureau indicated the Trump family earned at least $2.3 billion from four crypto ventures since returning to the White House, while investors lost about the same amount.
Sources · 9 sources
- WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: 🇺🇸 $TRUMP coin crashes over 20% today as Democrats prepare to investigate President Trump's crypto ventures after winning control of Congress. https://t.co/ZczUUhcZsn
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇺🇸 LATEST: Trump-linked tokens led crypto losses after Democrats swept the US midterm elections. $TRUMP plunged 17% to $1.33, $WLFI fell over 7% to $0.047, and $MELANIA dropped nearly 13%, while Bitcoin gained 4% and Ethereum rose 6%. The Democratic takeover of Congress raises concerns about increased scrutiny of Trump’s crypto ventures and uncertainty surrounding US crypto legislation. https://t.co/XOkRUQwOT2 https://t.co/XOkRUQwOT2
Open source - CR
Crypto Rover@cryptoroverPost on X ·
🚨 Trump's crypto empire is crashing. • $TRUMP: -21% • $MELANIA: -13% • $WLFI: -6% Democrats have won Congress and plan to investigate the Trump family's crypto ventures. The Trump family has earned $2.3 BILLION from crypto. https://t.co/gX7FSNM8pr
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
🇺🇸JUST IN: President Trump and Melania's crypto coins plunge, with $TRUMP falling over 20% and $MELANIA dropping 15% as Democrats prepare to investigate the Trump family's crypto ventures after winning control of Congress. https://t.co/QyXyEpyeCW
Open source - DE
Decrypt@DecryptMediaPost on X ·
Crypto Soars as Dems Sweep Midterms, CFTC Sued Over Perps, Onchain Dip & Rebound https://t.co/PBPVUzvBvj
Open source - CT
Coin TelegraphArticle ·
Trump-linked tokens lead crypto losses after Democrats sweep in the US midterms The official Trump and World Liberty Financial tokens were the two biggest losers among the top 100 cryptocurrencies on Wednesday, even as Bitcoin and Ether rallied.
Open source - MI
Market Insider@MrketInsiderPost on X ·
JUST IN: $TRUMP FALLS 20% ON THE DAY TO $358M MARKET CAP https://t.co/llwmEAFSsu
Open source - BL
Bloomberg@businessPost on X ·
The Democrats’ midterm sweep is rattling some of the digital-asset market’s most politically exposed investments https://t.co/4jprOwv247
Open source - CB
Coin Bureau@coinbureauPost on X ·
🇺🇸 JUST IN: Trump family crypto coins sink up to 19% after Democrats win Congress. $TRUMP fell 19% in 24 hours to $1.25, now 98% below its $73.43 record from January 2025. $MELANIA fell 14% to $0.065 and is down 99.5% from its peak. $WLFI fell 4% to $0.048 and is down 86% from its peak. Reuters estimated the family made at least $2.3 BILLION from four crypto ventures since Trump returned to the White House, while investors lost about the same. Democrats, who take control of Congress in January, have said they plan to investigate Trump family crypto ventures.
Open source - SO
SolanaFloor@SolanaFloorPost on X ·
News: Crypto Rallies Following Democrat Midterm Sweep ✍️ @solace_fm https://t.co/jpnJUibnuh
Open source