Trump meme coins fell to record lows after Democrats won Congress in the November 4 midterm elections, while Bitcoin and Ethereum rose over the same period, according to BeInCrypto. The price divergence coincided with Democrats preparing to take control of key oversight committees. The available reporting does not establish that the election caused any of the asset moves.
- BeInCrypto reported that Official Trump (TRUMP) dropped 18.10% in 24 hours to $1.25, after touching a record low of $1.22 on November 4.
- Melania Meme (MELANIA) lost 13.15% to $0.06488, after setting a record low of $0.06378.
- TRUMP was 98.3% below its January 2025 peak of $73.43; MELANIA was 99.5% below its $13.05 peak.
- Trump Media & Technology Group stock closed at a record low of $4.49 on November 4, down 24.54% on the day, according to BeInCrypto.
- World Liberty Financial (WLFI) rose 3.22% to $0.04758, but had also touched a record low the previous day.
Timeline of the Trump meme coins selloff
- January 2025: TRUMP reached its reported peak of $73.43. MELANIA also reached a peak, $13.05, though BeInCrypto does not give a date for that high.
- June: BeInCrypto reported that Elizabeth Warren and four other Senate Democrats demanded hearings into a $500 million stake in World Liberty Financial bought by an Emirati royal the previous year.
- July: Warren and Adam Schiff urged the Securities and Exchange Commission to investigate Trump Media’s Truth API, which sells trading firms early access to Trump’s posts, according to BeInCrypto.
- November 4, 2026: Democrats won Congress in the midterms. TRUMP and MELANIA reached record lows, while Trump Media stock recorded its lowest close.
- November 5, 2026: BeInCrypto published its report on the price moves and the coming oversight shift. The outlet also noted that TRUMP’s top 185 holders were due to attend a gala dinner with Trump on November 22.
Background: politics and token prices
The assets are distinct: TRUMP and MELANIA are meme coins, WLFI is the token of a Trump-backed decentralized finance venture, and Trump Media stock is a share traded on Nasdaq. Their reported price moves differed, with WLFI rising even as it reached a record low on November 4. The figures do not show that one political event alone drove the moves.
The declines in the Trump-named meme coins were especially notable because the wider market was positive. BeInCrypto’s report said Bitcoin gained 4.36% and Ethereum 6.50% over 24 hours. A separate CoinGecko market snapshot, timestamped November 5 at 07:13 UTC, showed BTC at $80,672, up 3.37% over 24 hours, and ETH at $2,429.50, up 5.61%. These are different data snapshots, not synchronized measurements. CoinGecko’s Bitcoin market page provides the reference for the latter snapshot.
Trump Media shares fell from $5.95 a day earlier to $4.49 at the November 4 close, according to BeInCrypto. The outlet reported that WLFI was an exception among the Trump-linked assets discussed, gaining 3.22% even though it also touched a record low that day. The figures show why these assets should not be treated as if they had identical price performance.
Reactions and oversight stakes
BeInCrypto reported that Rep. Robert Garcia, who will chair the House Oversight Committee, posted “LAWYER UP” on X after the result. The outlet also reported that Garcia told Punchbowl News the panel would examine the family’s crypto deals. Fortune reported that World Liberty was expected to be first in line for scrutiny.
Democrats have previously sought hearings and an SEC inquiry. BeInCrypto noted that, until then, Democrats could ask but could not compel documents or testimony. The report said subpoenas could compel records and testimony from January without the president’s signature. It also noted that overriding a presidential veto requires two-thirds support in both chambers.
Political scrutiny may affect sentiment around Trump meme coins, but political statements or investigations do not establish that a token’s price will continue to fall. BeInCrypto quoted investor Peter Schiff, who suggested investors were concerned Congress could act over Trump Media’s Truth API. That is Schiff’s interpretation, not evidence establishing why investors sold.
BeInCrypto described the Truth API as a service that sells trading firms early access to Trump’s posts. The same report recounted Democratic calls for scrutiny of Trump family crypto deals. The scope and timing of any committee action are not established by the reported plans, and political developments are only one possible influence on volatile token prices.
Outlook for Trump meme coins
BeInCrypto identified two upcoming developments: a November 22 dinner for TRUMP’s top holders and the ability to compel documents and testimony by subpoena from January. The report does not establish that the dinner will affect the token’s price or that lawmakers will take a particular action. These are upcoming events, not confirmed outcomes.
The difference between gains in Bitcoin and Ethereum and losses in TRUMP and MELANIA shows that the assets moved differently over the reported periods. The sharp changes in the meme coins’ prices also illustrate their volatility. The evidence available here does not make the future effect of political scrutiny predictable.
FAQ
Why did Trump meme coins fall after the midterms?
BeInCrypto reported record lows after Democrats won Congress and described plans for greater scrutiny of Trump family crypto deals. The timing may have affected sentiment, but the report does not prove a single cause for the price moves.
What happened to the TRUMP and MELANIA prices?
BeInCrypto reported TRUMP at $1.25 and MELANIA at $0.06488 in its November 5 report, after each token set a record low on November 4. Those prices were respectively 98.3% and 99.5% below the peaks cited by the outlet.
When could congressional scrutiny begin?
BeInCrypto said subpoenas could compel documents and testimony from January. The timing and scope of any inquiry remain uncertain.
Sources
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
For advertising inquiries, please email . [email protected] or Telegram
