Trump-linked crypto assets fell sharply during the US midterm election session on November 3–4, 2026, while Bitcoin recovered from an early slide and DeFi altcoins rallied.
World Liberty Financial’s WLFI token dropped as much as 11% and still finished nearly 5% below its early-evening level after projections pointed to Democrats winning control of Congress. Official Trump (TRUMP) traded near $1.41, down about 10% in the reported window and more than 97% below its January 2025 record of roughly $73.43–$74.27. Official Melania Meme (MELANIA) changed hands around $0.072.
World Liberty Financial lists Eric Trump, Donald Trump Jr., and Barron Trump among its co-founders, so traders treated the midterm tape as a political risk session for Trump-brand tokens. The sell-off showed that tokens tied to a political brand were priced as political bets, while spot Bitcoin demand could reset after the election-night shock. Recent coverage tracked a US spot Bitcoin ETF build of 79,800 BTC.
Justin Sun added legal pressure. In a November 3 post on X, Sun said his lawyers moved to sanction World Liberty Financial, claiming it failed to disclose UAE citizenship until months into his lawsuit. He described himself as one of the company’s earliest and largest investors, saying he agreed to buy $30 million of WLFI tokens in November 2024 and later raised the total to $45 million under a Token Purchase Agreement.
Market talk also pointed to thin demand and heavy sell flow during the midterm session, with large sales hitting harder when bids were light and leveraged longs facing extra pressure on the way down. Meanwhile, DeFi altcoins outperformed as crypto investors reassessed the regulatory outlook after the midterm elections.
