TRUMP token falls 17% as Democrats take both chambers

The Official Trump (TRUMP) memecoin dropped approximately 17% in 24 hours to $1.33 on November 4, following the Democratic victory in the November 3 midterm elections. World Liberty Financial’s WLFI token declined more than 7% to around $0.047 during the same period. Melania Trump’s MELANIA token also fell, with a decline of nearly 13%.

Market Divergence

The selloff in Trump-associated assets contrasted with a broader recovery in the digital asset market. Bitcoin gained more than 4% while Ethereum advanced approximately 6% on Wednesday, November 4. TRUMP and WLFI were among the weakest performers across the top 100 cryptocurrencies during this timeframe.

According to CoinGecko data, the TRUMP token traded at $1.33 after the 24-hour drop. The WLFI token traded near $0.047. The movement indicates a specific reaction to political developments rather than a general market downturn, as major cryptocurrencies moved in the opposite direction.

Political Context and Token History

The price action followed a major shift in Washington, where Democrats secured control of both the House of Representatives and the Senate. The election outcome is expected to complicate the administration’s crypto agenda and increase political and regulatory scrutiny of Trump-associated digital asset ventures.

The Official Trump token was introduced in January 2025, shortly before Trump’s presidential inauguration. The asset initially attracted considerable attention from cryptocurrency traders, with its price climbing rapidly to an all-time high of approximately $73.43. Since that peak, the memecoin has lost more than 98% of its value.

The latest decline underscores the connection between politically associated digital assets and expectations surrounding Washington’s regulatory direction. The performance of these tokens remains tied to the political environment and the future of the crypto markets in the United States.