Trump-linked tokens lead crypto losses after Democrats sweep in the US midterms
Summary
Trump-linked tokens fell sharply after Democrats won control of both chambers of Congress in the midterm elections, despite a broader crypto market rally. Official Trump dropped 17% to $1.33 and World Liberty Financial fell over 7% to $0.047; MELANIA and other political tokens also declined. Bitcoin rose more than 4%, Ether gained 6%, and the total crypto market grew 3.4%. Analysts said political tokens may be especially sensitive to Washington-related expectations and questioned what sustains demand beyond their political associations. The results could also increase scrutiny of Trump family crypto ventures and add uncertainty over the stalled CLARITY Act.
