A memecoin promoted by United States President Donald Trump and a token from a DeFi platform co-founded by his sons have crashed in value, drawing sharp criticism and regulatory scrutiny from Democratic lawmakers. The Official Trump Token (TRUMP) is trading at approximately $2.86, a staggering 90% below its all-time high, while the World Liberty Financial (WLFI) token sits at $0.07, down nearly 75% from its peak.
The dramatic price collapse has been met with censure from crypto industry observers and politicians. "We thought Sam Bankman-Fried or Gary Gensler were the worst things to happen to the crypto industry... But, turns out, it was the guy who surrounds himself with sycophants, siphons every bit of value he can for himself, and then expeditiously bankrupts companies and casinos without consequence," said Professor Tonya Evans in response to the token price collapse.
According to data from CoinGecko, the TRUMP memecoin hit an all-time high of over $73 in January 2025 before collapsing to its current level. Similarly, CoinMarketCap data shows the WLFI token reached a peak of about $0.31 in September 2025 and has since fallen to a low of $0.07. The projects have been characterized as "scams and political corruption" by critics.
The controversy is intensifying as President Trump plans another gala for TRUMP token holders on April 25. US Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff have sent a letter to the token's creator, Bill Zanker, questioning the event. The lawmakers argue that "dangling access" to the President in exchange for holding tokens could constitute influence peddling, as Trump and his family stand to benefit from increased token sales.
This article is for informational purposes only and does not constitute investment advice.
