TRUMP Token Collapse Puts Trump-Linked Crypto Projects in Focus

Continued decline in Trump-linked tokens raises investor risks and sparks political concerns in the US.

Mounting criticism is surrounding crypto ventures linked to Donald Trump as token prices continue to fall sharply. Losses across these tokens are drawing attention from both investors and lawmakers. Now, the focus is shifting to deeper ethical concerns.

Market Confidence Wavers as TRUMP and WLFI Tokens Slide Further

The Trump-backed memecoin TRUMP has dropped significantly from its peak. After reaching over $73 in January 2025, the token has plunged nearly 90%. It later hit an all-time low near $2.73 in March 2026 and now trades slightly higher at around $2.81. 

Another project under pressure is World Liberty Financial (WLFI), a decentralized finance platform linked to Trump’s family. Its governance token has also recorded a sharp downturn. WLFI recently fell to an all-time low of $0.07, marking a 75% drop from its September 2025 peak of $0.31. 

As a result, many investors are left facing heavy losses. The declines across both projects have fueled skepticism about their long-term viability.

In an X post, Professor Tonya Evans publicly condemned the projects, linking them to broader political concerns. She referenced policy frameworks under Trump and argued that warning signs were evident early. In addition, her remarks compared Trump unfavorably to controversial crypto figures such as Sam Bankman-Fried and Gary Gensler.

US Senators Seek Answers on Trump Crypto Event and Investor Access

Last month, President Donald Trump revealed plans for an event tied to token holders. Since then, Democratic lawmakers have argued that the event links token ownership with direct access to him.

Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff have formally questioned the intent behind the memecoin gala. The event, scheduled for April 25, requires attendees to hold TRUMP tokens for access.

According to the lawmakers, this structure raises concerns about influence peddling. In a letter addressed to Bill Zanker, the organizer behind the memecoin, the senators stated that access to Trump appears tied to token ownership. Consequently, such an arrangement may create financial incentives that directly benefit Trump and his associates.