President Trump Faces Renewed Backlash As Trump-Linked Tokens Crash
Authored by Vince Quill via CoinTelegraph.com,
United States President Donald Trump is facing renewed scrutiny as crypto tokens and projects touted by the US president crash to all-time lows or sit near record low levels.
The Official Trump token (TRUMP), a memecoin pushed 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.
The TRUMP memecoin has plummeted in price since launching in January 2025. Source: CoinGecko
The governance token issued by World Liberty Financial (WLFI), a decentralized finance (DeFi) platform co-founded by Trump’s sons, sunked to an all-time low of just $0.07 on Saturday.
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.
The 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. Evans, a board member at Grayscale parent DCG, added:
“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.”
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.
US lawmakers send letter to Trump memecoin creator
Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff have asked Bill Zanker, the individual who launched the Trump memecoin, for 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.