Official Trump Token Crashes 12% as Democrats Sweep Congress in Midterms
Published November 4, 2026, 10:00 PM PKT. Based on CoinGecko market data captured November 4, 2026 at 4:51 PM UTC (primary source), Bitcoin.com News' November 4, 2026 report (secondary source), and CoinDesk's November 4, 2026 market report (secondary source).
Official Trump ($TRUMP) fell about 12.6% in 24 hours to $1.39 on November 4, 2026, as Democrats swept both chambers of Congress in the U.S. midterm elections, leaving the president's memecoin among the day's biggest losers while the broader crypto market recovered from its election night dip. CoinGecko data captured at 4:51 PM UTC put the token at $1.39, down 16.3% over seven days, with a market value of about $392 million and 24 hour trading volume of about $214 million. The token traded in a 24 hour range of $1.41 to $1.60, and at $1.39 it sat just above its all time low of $1.37 set August 13, 2026, and about 98% below its all time high of $73.43 from January 19, 2025. The slide stood out because it ran against the market: Bitcoin ($BTC) was up about 3.5% over the same rolling period at about $79,869, according to a November 4 market update, while Trump-linked tokens kept falling. The token, and Trump Media ($DJT) shares, are often traded as bets on the president's political fortunes, Stocktwits noted, which is why a Democratic sweep hit them while the rest of crypto bounced.
The election night slide that Bitcoin shook off
The selling started as results pointed to a Republican defeat late on November 3, according to Bitcoin.com News, which reported on November 4 that Trump-linked tokens crashed by as much as 11% before partially recovering, but failed to rebound like Bitcoin ($BTC) as Democrats won control of both the Senate and the House. As the results came in, World Liberty Financial ($WLFI) dropped 10% to an all time low, while Official Trump ($TRUMP) and Melania ($MELANIA) plunged 8% and 11% respectively, Bitcoin.com News reported. By the morning of November 4, Official Trump ($TRUMP) remained down 6% over 24 hours at $1.49 and Melania ($MELANIA) was down almost 3% at $0.072, with 24 hour trading volume near $130 million for Official Trump ($TRUMP) against only about $6 million for Melania ($MELANIA), according to the same report. CoinDesk's November 4 market report told the same story from the other side of the trade: decentralized finance tokens led the rebound after the midterm dip, while Official Trump ($TRUMP) fell 7.1% and World Liberty Financial ($WLFI) lost 5%, and Trump Media ($DJT) shares were down 6.5% in premarket trading. Stocktwits reported that the Associated Press called the Senate for Democrats late on Tuesday and the House early on Wednesday, that Trump Media ($DJT) stock dropped as much as 7.2% in premarket trade, and that Official Trump ($TRUMP) fell 7.6% in 24 hours to below $1.50, even as retail sentiment on the token stayed in the bullish zone with chatter at high levels. A later November 4 update put Official Trump ($TRUMP) at about $1.44, down 10.1% over 24 hours, and Melania ($MELANIA) near $0.07167, down 6.3%, against Bitcoin ($BTC) at about $79,869, up 3.5% over the same rolling period. Finbold, using CoinMarketCap data, reported Official Trump ($TRUMP) down 7.13% at $1.47 with about $40.2 million wiped from its market value, from $455 million to $414.77 million, and World Liberty Financial ($WLFI) down 4.89% at $0.048 with its market value falling about $120 million, from $1.65 billion to $1.53 billion. The percentages differ across outlets because each snapshot was taken at a different hour; the direction is consistent in every one of them.
A November 2 bounce that faded, and a dinner contest still running
The midterm slide erased a short lived bounce from two days earlier. BingX reported a 10.73% increase in Official Trump ($TRUMP) on November 2, 2026, attributing the surge to gala invitation incentives and a competition organized by Keeper wallet for token holders, according to CoinStats' November 4 summary. The token then declined nearly 2% on election day itself, CoinStats reported, before the midterm results drove the deeper November 4 fall. Binance spot klines showed Official Trump ($TRUMP) opening November 4 at $1.587, after closing November 3 at $1.586, and trading near $1.39 by late afternoon UTC in a daily candle still open at the time of writing, with about $15.6 million in spot volume on the day. The token's own website is still running a contest that could matter to its holder base: the president and three yet to be announced VIP guests are set to attend an exclusive dinner with 185 of the coin's top investors at the Trump National Golf Club in Northern Virginia on November 22, with the contest running through November 12, according to CoinStats' summary of the coin's website. The site also says the token is not intended as an investment opportunity. The political backdrop carries a longer tail: Reuters reported that Democrats captured the House and Senate and are expected to investigate the Trump administration, family and allies once seated, and the incoming Congress takes office in January with control of congressional committees. In August, Senators Elizabeth Warren and Richard Blumenthal called for the Securities and Exchange Commission to investigate the president's memecoin, CoinStats noted. None of that is a verdict on the token's price path, and the midterm results alone do not explain every dollar of the move, but the contrast with the broader market rebound is the signal: on a day crypto recovered, the tokens most tied to the president's political fortunes did not.
Sources
- CoinGecko, Official Trump ($TRUMP) market data, captured November 4, 2026 at 4:51 PM UTC (primary source: $1.39, down 12.6% over 24 hours, down 16.3% over seven days, market value about $392 million, 24 hour trading volume about $214 million, 24 hour range $1.41 to $1.60, all time high $73.43 on January 19, 2025, all time low $1.37 on August 13, 2026, circulating supply about 281.9 million of 1 billion maximum)
- Bitcoin.com News, Trump-Linked Tokens Crash as Democrats Win Midterms, November 4, 2026, 5:30 AM EST (secondary source: Trump-linked tokens crashed as much as 11% before partially recovering but failed to rebound like Bitcoin, World Liberty Financial ($WLFI) dropped 10% to an all time low, Official Trump ($TRUMP) and Melania ($MELANIA) plunged 8% and 11% as results pointed to Republican defeat late November 3, Official Trump ($TRUMP) down 6% over 24 hours at $1.49, Melania ($MELANIA) down almost 3% at $0.072, 24 hour volumes near $130 million and about $6 million, Official Trump ($TRUMP) down 79% over 12 months and 98% from its all time high, World Liberty Financial ($WLFI) down 55% over the past year and 85% from its all time high)
- CoinDesk, DeFi tokens lead crypto rebound after midterm dip, November 4, 2026, 5:38 AM EST (secondary source: decentralized finance tokens led the rebound, Official Trump ($TRUMP) fell 7.1%, World Liberty Financial ($WLFI) lost 5%, Trump Media shares down 6.5% in premarket trading)
- Stocktwits, US Midterm Elections: DJT Stock, TRUMP Coin Fall While Stocks, Crypto Rally With Democrats Sweeping Congress, November 4, 2026, 6:28 AM EST (secondary source: Associated Press called the Senate for Democrats late Tuesday and the House early Wednesday, Trump Media ($DJT) stock down as much as 7.2% in premarket trade, Official Trump ($TRUMP) down 7.6% in 24 hours below $1.50, token and Trump Media traded as bets on the president's political fortunes, retail sentiment bullish with chatter at high levels)
- Finbold, Trump's cryptos become top 100's biggest losers after U.S. midterms, November 4, 2026, 11:31 AM UTC (secondary source: Official Trump ($TRUMP) down 7.13% at $1.47, market value from $455 million to $414.77 million, World Liberty Financial ($WLFI) down 4.89% at $0.048, market value from $1.65 billion to $1.53 billion, CoinMarketCap data)
- CoinScreamer, TRUMP and MELANIA Slide After Democrats Win Congress, November 4, 2026, 12:30 PM UTC, updated 3:13 PM UTC (secondary source: Official Trump ($TRUMP) about $1.44, down 10.1% over 24 hours at 3:06 PM UTC, Melania ($MELANIA) near $0.07167, down 6.3%, Bitcoin ($BTC) about $79,869, up 3.5% over the same rolling period, Reuters on Democrats expected to investigate the Trump administration, family and allies once seated, incoming Congress takes office in January with committee control, token website says the token is not intended as an investment opportunity)
- CoinStats, Official Trump (TRUMP) News Today: Why TRUMP Is Down, 04 November 2026, November 4, 2026 (secondary source: BingX 10.73% increase on November 2, 2026 from gala invitation incentives and a Keeper wallet competition, token declined nearly 2% on election day, November 22 dinner for 185 top holders at Trump National Golf Club in Northern Virginia, contest through November 12, August call by Senators Elizabeth Warren and Richard Blumenthal for a Securities and Exchange Commission investigation)
This article is news reporting and is not investment advice.
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