United States President Donald Trump is dealing with renewed scrutiny, as crypto tokens and initiatives promoted by the US president crash to all-time lows or sit close to report low ranges.
The Official Trump token (TRUMP), a memecoin promoted by Trump, hit an all-time low of about $2.73 in March 2026 and is at present buying and selling at about $2.86, in accordance with information from CoinGecko.
World Liberty Monetary (WLFI), a decentralized finance (DeFi) platform co-founded by Trump’s sons, additionally issued a governance token, which crashed to an all-time low on Saturday, falling to simply $0.07.
WLFI is down by almost 75% from its all-time excessive of about $0.31 reached in September 2025, whereas the TRUMP memecoin is down by about 90% since its all-time excessive of over $73 reached in January 2025.
“We thought Sam Bankman-Fried or Gary Gensler have been the worst issues to occur to the crypto trade, and so they have been horrible,” Professor Tonya Evans mentioned in response to the plummeting token costs. She added:
“However, seems, it was the man who surrounds himself with sycophants, siphons each little bit of worth he can for himself, after which expeditiously bankrupts firms and casinos with out consequence.”
President Trump additionally introduced one other gala for token holders, scheduled to happen on April 25, fueling renewed scrutiny from US Democratic lawmakers, who’ve accused Trump of affect peddling by giving token holders entry to him.
Associated: Trump memecoin whales pile in forward of Mar-a-Lago gala
US lawmakers ship letter to Trump memecoin creator
Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff not too long ago despatched a letter to Invoice Zanker, the person who launched the Trump memecoin, requesting particulars on the aim of the deliberate Trump memecoin gala in April.
The organizers of the occasion are “dangling entry” to Trump, the lawmakers mentioned, in accordance with Politico, which obtained a duplicate of the letter.
Trump and his relations stand to profit from elevated gross sales of the Trump memecoin; attendees are required to carry TRUMP tokens to realize entry to the occasion, the Senators mentioned.
Journal: Trump’s crypto ventures increase battle of curiosity, insider buying and selling questions
