US President Donald Trump is facing new scrutiny as crypto tokens and projects he has promoted have plummeted to or near record lows.
The Official Trump Token (TRUMP), a meme coin promoted by President Trump, hit an all-time low of around $2.73 in March 2026 and currently trades at around $2.86, according to data from CoinGecko.
Since its launch in January 2025, the TRUMP Meme Coin has seen its price plummet. source: CoinGecko
The governance token issued by World Liberty Financial (WLFI), a decentralized finance (DeFi) platform co-founded by President Trump’s sons, fell to an all-time low of just $0.07 on Saturday.
WLFI is down about 75% from its all-time high of about $0.31, set in September 2025, while the TRUMP meme coin is down about 90% from its all-time high of over $73, set in January 2025.
The WLFI token has crashed nearly 75% since hitting its all-time high in September 2025. source: coin market cap
“Sam Bankman Fried and Gary Gensler thought it was the worst thing to happen to the crypto industry, and they were horrified,” Professor Tonya Evans said in response to the plunge in token prices. Mr. Evans, a member of the board of directors of Grayscale’s parent company DCG, added:
“But as it turned out, this was a man who surrounded himself with sycophants, siphoned off all the value he could for himself, and then quickly bankrupted companies and casinos with no consequences.”
President Trump also announced that he plans to hold another celebration for token holders on April 25, prompting renewed scrutiny from US Democratic lawmakers who have accused him of spreading influence by giving token holders presidential access.
Related: President Trump meme coin whales pile up ahead of Mar-a-Lago celebration
US lawmakers send letter to meme coin creators to Trump
Sens. Elizabeth Warren, Richard Blumenthal, and Adam Schiff asked Trump Memecoin founder Bill Zanker for details on the purpose of the Trump Memecoin Gala, scheduled for April.
The lawmakers said organizers of the event had “dangling access” to President Trump, according to Politico, which obtained a copy of the letter.
Trump and his family stand to benefit from increased sales of Trump meme coins. According to the senators, attendees will need to hold TRUMP tokens to participate in the event.
magazine: President Trump’s crypto venture raises conflicts of interest and insider trading issues
