Value of President Donald Trump's Memecoin Falls to Record Low After Midterm Elections
The price of the president's cryptocurrency dropped to $1.12 following the recent U.S. midterm elections, with its market value now around $340 million.
The cryptocurrency associated with President Donald Trump has seen its price fall to a record low of $1.12 after the U.S. midterm elections, down from $1.70 before the vote and roughly $2.00 a month earlier. The token's market capitalization is now estimated at about $340 million, a sharp decline from its peak valuation of $72 billion.
Analysts identified a group of large holders, described as "whales," who reportedly sold approximately $214 million of the token early in its launch, contributing to the recent price drop. The coin, which attracted close to one million investors, was promoted as a digital asset linked to the president's brand.
According to a July report by the BBC, President Trump has earned more than $1 billion from his cryptocurrency activities since returning to the White House in 2025. The report noted that many supporters of the president had invested in the token.
Investors who purchased the memecoin at higher prices are now facing significant losses, while some continue to hold the asset in hopes of a future recovery.