The $TRUMP token, the official memecoin of @GetTrumpMemes, has fallen 26% over the past week, a bigger decline than any other major memecoin over the period. Its market cap now stands at about $332 million, far below the peak of more than $9 billion reached shortly after launch.
Price data from Coinbase shows TRUMP at about $1.17, down roughly 26% from $1.58 a week earlier. Coinbase's data also shows the weekly decline sharply lagging the meme category, where the average drop was about 2%, while weekly trading volume rose roughly 204%.
Midterm Election Losses Weigh on Trump-Linked Tokens
The sell-off follows the US midterm elections. Investing.com reported that the token hit a record low of $1.116 this week after the Republican party lost its majority in both chambers of Congress, before recovering slightly on Friday. Broader crypto prices also fell after the vote, as markets feared greater regulatory scrutiny from Democrats, who now hold majorities in the Senate and the House of Representatives, according to the same report.
The move was specific to Trump-linked assets rather than the wider market. Altcoin Buzz reported that TRUMP was down 25% over seven days while the global crypto market fell 1.2% over the same window. Another Trump-linked token, $MELANIA, also reached a record low in the same period, according to the outlet.
Political risk is a factor. Startup Fortune reported that House Financial Services Democrats have targeted World Liberty Financial, its USD1 stablecoin and the TRUMP memecoin, citing PaymentExpert.
From Billion-Dollar Launch to Sharp Decline
The token launched on Solana in January 2025 via posts on Donald Trump's social media accounts. The Block reported that it reached a market cap of over $9 billion within three hours of launch. Investing.com said the token hit a record high of $73.43 shortly after launch and has since lost about 99% of its value.
Supply remains concentrated. Forbes reported at launch that 80% of tokens not publicly released were owned by Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC. Altcoin Buzz said only about 282 million of the 1 billion tokens are currently in circulation, with a fully diluted value of about $1.25 billion.
Analysts quoted by KuCoin's research feed said politically linked tokens are highly sensitive to sentiment in Washington. For now, TRUMP's trading remains active despite the price decline, with volume rising even as the price fell.
Sources
Coinbase: Official Trump (TRUMP) price and market data
Investing.com: Trump crypto memecoin slumps to record low after historic midterm loss
The Block: Trump posts send official TRUMP memecoin to $9 billion market cap