COINTELEGRAPH · 2026-11-04 19:25 UTC

Trump-linked tokens lead crypto losses after Democrats sweep in the US midterms

Trump-linked tokens TRUMP and WLFI fell 17% and 7% respectively after Democrats won control of Congress in midterm elections, while Bitcoin rose 4% and Ether climbed 6%. Political memecoins including MELANIA and VANCE also declined sharply, with the broader political memecoin sector down 16% to $477 million market cap. Analysts note politically linked tokens are more sensitive to Washington sentiment than established cryptocurrencies, raising questions about demand beyond political association.

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