Trump-Linked Crypto Tokens Face Renewed Scrutiny After Price Plunge
US President Donald Trump is facing renewed scrutiny as crypto tokens and projects promoted by the US president fall to or near all-time lows.
The official trump token (TRUMP), the memecoin introduced by Trump reached an all-time low of $2.73 in March 2026 and is currently trading at $2.86, according to CoinGecko data.
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform founded by Trump's sons, also issued a governance token, hitting an all-time low of $0.07 on Saturday.
WFI is down nearly 75% from its September 2025 peak of $0.31, while TRUMP memecoin is down 90% from its January 2025 peak of over $73.
“We thought that Sam Bankman-Fried or Gary Gensler were the worst things to happen to the crypto industry, and they were terrible,” Professor Tonya Evans responded to the low token prices. she added.
However, he is a man who surrounds himself with sycophants, takes any price he can for himself and bankrupts companies and casinos without consequence.
President Trump has announced another gala for token holders scheduled for April 25, prompting renewed scrutiny from U.S. Democratic lawmakers.
Related: Trump memecoin whales stock up ahead of Mar-a-Lago gala
US lawmakers send letter to Trump memecoin creator
Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff recently sent a letter to Trump memecoin founder Bill Zanker, asking for details on the purpose of the Trump memecoin gala planned for April.
Organizers of the event said they were a “fantastic outlet” for Trump, according to Politico, which obtained a copy of the letter.
Trump and his family will benefit from increased sales of Trump memecoin. Attendees will be required to hold TRUMP tokens to gain access to the event, the senators said.
Magazine: Trump's Crypto Venture Raises Conflict of Interest, Insider Business Questions
