Cryptocurrency tokens associated with Donald Trump fell sharply after the Democrats won the November 3 midterm elections, even as the broader digital asset market advanced. 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 fell by nearly 13%. In contrast, Bitcoin gained more than 4% and Ethereum rose by about 6%, highlighting the strong correlation between these political assets and expectations about Washington’s regulatory direction. Launched in January 2025 and having reached an all-time high of approximately $73.43, TRUMP has since lost more than 98% of its peak value.
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