Official Trump memecoin price drops to 1.5-year low

The Official Trump memecoin has dropped to $1.22, marking its lowest value in a year and a half of trading on the exchange.

In January 2025, ahead of the inauguration, the token hit the market at approximately $1.21. Within the first day, it surged to $75 before entering a continuous decline.

The latest crash is linked to the Democrats' victory in the US midterm elections. Over 24 hours, the token lost 16%, recording the worst performance among the top 100 cryptocurrencies.

At its peak, the coin's market capitalization reached $11.7 billion, ranking it 18th. Currently, TRUMP holds the 98th position and risks falling out of the top 100.

Democrats are preparing an investigation into the president's crypto business. They intend to request documents related to World Liberty Financial and the USD1 stablecoin to verify foreign investor involvement.

Trump's media company listed 4,259 bitcoins worth $343.7 million on the Crypto.com exchange. Only 1.3 BTC remain on tracked wallets.