Democrats’ Congress Win Sends Official Trump (TRUMP) Crypto Down 17%

Official Trump (TRUMP) fell 17.3% over the trailing 24 hours to trade near $1.24 on November 5, 2026, extending seven-day losses to 26.2% as Trump-linked financial assets experienced coordinated sell-offs following the U.S. midterm elections.

The downturn reduced TRUMP’s circulating market capitalization to approximately $352 million, even as 24-hour trading volume surged 165% to $503 million, eclipsing the token’s total market value. The liquidation wave accelerated after election results confirmed Democrats secured majorities in both chambers of Congress starting January 3, 2027. TRUMP is a Solana-based political memecoin launched days before the January 2025 presidential inauguration.

Trump-Linked Assets Retreat in Tandem

WLFI, the token of World Liberty Financial, another Trump-linked token, fell about 6% in 24 hours on November 4, according to CoinGecko data, and touched a record low of about $0.046 that day. Trump Media & Technology Group shares tumbled 25%, and DJTU, an exchange-traded fund that offers leveraged exposure to the company, lost almost 50%, Bloomberg reported.

What Trump-Linked Crypto Firms Face Scrutiny From Congress 

Control of both chambers gives Democrats subpoena power from January 3. Reuters reported in September that Democrats were preparing investigations into Trump family business deals, with Trump-linked crypto firms among the areas of interest, and Bloomberg reported that those firms have hired lawyers and lobbyists ahead of possible probes. No investigations have been opened.

Noelle Acheson, who writes the Crypto is Macro Now newsletter, called the selloff “a reflection of both the drop in cachet and the likely investigations/prosecutions in the pipeline,” according to Bloomberg. World Liberty Financial declined to comment on the price drop. Spokesman David Wachsman said the firm “has complied with all applicable US laws and regulations” since its inception and called it “troubling that Congress might baselessly target a compliant company.” Fight Fight Fight, which issues TRUMP, did not immediately respond to a request for comment.

What TRUMP Traders Should Watch Before the Gala Cutoff

The ranking for TRUMP’s November 22 holder dinner closes on November 12 at 1 p.m. ET. Seats go to the 185 wallets with the largest balances, weighted by how long each balance has been held since September 30, so selling before the cutoff lowers a wallet’s standing. CoinDCX explained how the gala ranking works when TRUMP rose 10% earlier this month.

CoinMarketCap counts about 281.9 million of TRUMP’s 1 billion tokens as circulating, but it values all unlocked TRUMP at about $970 million, nearly three times the market cap, because many unlocked tokens sit outside circulation. Most of them are allocated to the token’s creators and CIC Digital, a Trump Organization affiliate. Unlock tracker Tokenomics.com lists the next release on November 18, about 28.7 million TRUMP for insiders, worth roughly $36 million at today’s price. Releases continue until December 2027.

Where Official Trump (TRUMP) Stands After the Midterms

TRUMP trades near $1.24, roughly 98% below its peak of $75.35 reached shortly after launch in January 2025, and less than 3% above its post-launch baseline floor of $1.21. Secondary markets now look toward the November 12 gala snapshot, followed by the November 18 supply unlock.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided here is for general informational purposes only and does not constitute investment advice. Please do your own research before making any investment decisions.

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