Trump meme coins hit record lows after the midterms
TRUMP and MELANIA fell to record lows as Bitcoin and Ethereum rose, after Democrats won Congress, according to BeInCrypto.
The facts
- According to BeInCrypto, TRUMP fell 18.10% in 24 hours to $1.25 and touched a record low of $1.22 on November 4. It is 98.3% below its $73.43 peak from January 2025.
- MELANIA lost 13.15% to $0.06488 after a record low of $0.06378, and sits 99.5% below its $13.05 peak.
- Trump Media (DJT) stock closed at a record low of $4.49 on Wednesday, down 24.54%. Meanwhile Bitcoin rose 4.36% and Ethereum 6.50% over 24 hours.
- Rep. Robert Garcia, set to chair the House Oversight Committee, told Punchbowl News the panel will examine the family's crypto deals, per Fortune. World Liberty is expected to be first. The White House called the plans a decade-long campaign against Trump.
Case notes · Danny's take
Why it matters
Bitcoin and Ethereum rose on the same day these coins hit record lows. That is the point: the market priced this as a Trump-specific problem, not a crypto-wide one. Politically linked tokens carry a risk that has nothing to do with code or adoption. When oversight changes hands, the people holding them find out how much of the price was the name.
For traders
Don't read a record low as a bargain. Watch whether large holders are moving TRUMP and MELANIA to exchanges, and how volume behaves around the November 22 holder dinner and the January subpoena date. Thin meme coin liquidity plus headline risk is where leverage gets punished.
For builders
If your project leans on a political figure or a brand, you carry that person's regulatory risk. Plan for scrutiny of insider access and related-party deals, and document them before someone else asks.
Not financial advice. Do your own investigation.
This story was summarised with AI from BeInCrypto's reporting and checked against our editorial policy. Danny's take reflects his views. Disclaimer.
Danny Walter
Founder of Moon Republic, Volt Terminal and Moon Republic Academy. Author of The Market Is a Crime Scene and After the Applause.