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Democratic lawmakers and crypto investors characterized crypto projects launched by or tied to Trump as scams and political corruption.Democratic lawmakers and crypto investors characterized crypto projects launched by or tied to Trump as scams and political corruption.

US President Trump faces renewed backlash as Trump-linked tokens crash

Yazar: Coin Telegraph
Kaynak: Coin Telegraph
2026/04/12 05:40
Okuma süresi: 2 dk
OFFICIAL TRUMP
TRUMP$2,824-%0,45
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen [email protected] üzerinden bizimle iletişime geçin.

United States President Donald Trump is facing renewed scrutiny, as crypto tokens and projects promoted by the US president crash to all-time lows or sit near record low levels.

The Official Trump token (TRUMP), a memecoin promoted by Trump, hit an all-time low of about $2.73 in March 2026 and is currently trading at about $2.86, according to data from CoinGecko.

Donald Trump, Trumpcoin, MemecoinThe TRUMP memecoin has plummeted in price since launching in January 2025. Source: CoinGecko

World Liberty Financial (WLFI), a decentralized finance (DeFi) platform co-founded by Trump’s sons, also issued a governance token, which crashed to an all-time low on Saturday, falling to just $0.07.

WLFI is down by nearly 75% from its all-time high of about $0.31 reached in September 2025, while the TRUMP memecoin is down by about 90% since its all-time high of over $73 reached in January 2025. 

Donald Trump, Trumpcoin, MemecoinThe WLFI token has crashed by nearly 75% since the all-time high reached in September 2025. Source: CoinMarketCap

“We thought Sam Bankman-Fried or Gary Gensler were the worst things to happen to the crypto industry, and they were horrible,” Professor Tonya Evans said in response to the plummeting token prices. She added:

President Trump also announced another gala for token holders, scheduled to take place on April 25, fueling renewed scrutiny from US Democratic lawmakers, who have accused Trump of influence peddling by giving token holders access to him.
Related: Trump memecoin whales pile in ahead of Mar-a-Lago gala

US lawmakers send letter to Trump memecoin creator

Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff recently sent a letter to Bill Zanker, the individual who launched the Trump memecoin, requesting details on the purpose of the planned Trump memecoin gala in April.

The organizers of the event are “dangling access” to Trump, the lawmakers said, according to Politico, which obtained a copy of the letter. 

Trump and his family members stand to benefit from increased sales of the Trump memecoin; attendees are required to hold TRUMP tokens to gain access to the event, the Senators said.

Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
  • #Altcoins
  • #Donald Trump
  • #Trumpcoin
  • #Memecoin
Piyasa Fırsatı
OFFICIAL TRUMP Logosu
OFFICIAL TRUMP Fiyatı(TRUMP)
$2,824
$2,824$2,824
-%0,24
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OFFICIAL TRUMP (TRUMP) Canlı Fiyat Grafiği
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