Trump’s Crypto Products Crash to All-Time Lows After the Midterms

To get into an exclusive dinner with President Donald Trump later this month, investors would have to spend roughly $700 buying his meme coin. Last year, the cost of admission for a similar event was roughly $59,000.

Crypto products tied to the president have cratered in value in the days following the midterm elections, as the president’s declining political power translated into declining uptake in the financial products branded with his name. Democrats, who are about to gain subpoena power in the House and Senate, have also pledged to investigate Trump’s crypto ventures, further contributing to the red.

$WLFI, the “governance token” of the Trump family crypto firm World Liberty Financial, hit an all-time low in public trading after Sen. Richard Blumenthal (D-Connecticut) demanded that the company preserve its records. The meme coin sank to $1.11 after hitting $40 last year.

MELANIA, the first lady’s meme coin, had already fallen from $8 in January 2025 to less than $1 by March 2025. But its value was nearly halved again after the midterms and is now down roughly 99.6% from its peak.

The declines mean even greater losses for the millions of investors and Trump supporters who purchased the crypto products since the president’s second inauguration. Zach Everson, the research director at the watchdog group Public Citizen, previously calculated that retail buyers had lost $4.7 billion in Trump-linked crypto products.