Trump Crypto Tokens Crash as Democrats Take Control of Congress

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.

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