TRUMP Coin plunges more than 15% after Democrats win both chambers in US midterms, faces crypto investigations

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Official Trump (TRUMP) token fell more than 15% over the past 24 hours as Democrats took control of both chambers of Congress following the US midterm elections, with expectations of investigations into the Trump family’s crypto business intensifying the sell-off. The token briefly hit an all-time low of $1.22 and is now trading at around $1.27; WLFI fell about 6%, MELANIA dropped nearly 13%, while Bitcoin rebounded above $80K. When the 120th Congress convenes in January 2027, committee chairs will gain the power to subpoena testimony and documents.