Trump’s Political Career Crashed Last Night. So Did His Crypto.

Prices of several Trump-linked crypto assets and shares in Trump Media fell sharply as early election results pointed to Democrats gaining control of Congress. The timing coincided with a shift in political power that could bring greater scrutiny of the president’s business interests, though the article says other factors may also explain the market declines.

The $TRUMP meme coin fell from $1.58 at 7.10 p.m. on Tuesday to a low of $1.23 by 12.50 p.m. on Wednesday, a drop of more than 20 per cent. World Liberty Financial’s WLFI token also declined, while Trump Media shares fell from a Tuesday close of $5.95 to below $4.60 on Wednesday. Democratic lawmakers have sought records about a planned dinner for major $TRUMP holders, and a senior House Democrat signalled possible scrutiny with the words “Lawyer up”.