📉 Trump-linked tokens plunged after Democrats won the midterms
After Democrats decisively took control of both the House of Representatives and the Senate, crypto assets tied to the Trump family became the market’s biggest laggards.
$TRUMP plunged about 17–21% in 24 hours (to ~$1.33
$WLFI (World Liberty Financial) lost 7–10% and hit a new all-time low
$MELANIA fell nearly 13%
Meanwhile, Bitcoin, Ether, Solana, and most DeFi tokens rose instead.
The market was clearly divided:
everything directly tied to Trump’s political brand was being sold, while “neutral” crypto was being bought.
Analysts say investors are worried about increased oversight by a Democratic Congress and the White House’s pro-crypto agenda losing momentum.
Political memecoins once again showed just how dependent they are on the news cycle and sentiment surrounding one person.
After Democrats decisively took control of both the House of Representatives and the Senate, crypto assets tied to the Trump family became the market’s biggest laggards.
$TRUMP plunged about 17–21% in 24 hours (to ~$1.33
$WLFI (World Liberty Financial) lost 7–10% and hit a new all-time low
$MELANIA fell nearly 13%
Meanwhile, Bitcoin, Ether, Solana, and most DeFi tokens rose instead.
The market was clearly divided:
everything directly tied to Trump’s political brand was being sold, while “neutral” crypto was being bought.
Analysts say investors are worried about increased oversight by a Democratic Congress and the White House’s pro-crypto agenda losing momentum.
Political memecoins once again showed just how dependent they are on the news cycle and sentiment surrounding one person.