U.S. President Donald Trump’s Midterm Setback Sends $TRUMP to Record Low, Down 99% From Peak

On November 6, the $TRUMP meme coin associated with U.S. President Donald Trump had fallen more than 22% this week, briefly reaching a record low of $1.116 before edging higher on Friday. According to Sina Finance, Republicans lost control of both chambers of Congress in the midterm elections, heightening market concerns about tighter crypto regulation. Launched around the time Trump took office as the 47th U.S. president in early 2025, the token reached an all-time high of $73.43 and has since lost about 99% of its value. Some Democratic lawmakers had advocated stronger anti-money-laundering and risk-management requirements for the crypto industry and blocked the CLARITY Act. With Democrats controlling Congress, the prospects for crypto legislation supported by the Trump administration face greater uncertainty. Bitcoin is expected to fall about 2% this week, reflecting concerns about future U.S. crypto regulation.