The key facts

  • On November 5, the Trump memecoin fell 19.1% over 24 hours — to $1.182 on Binance
  • An all-time low of $1.169 was recorded within the day
  • The decline coincided with reports on the outcome of the US midterm congressional elections

Trump memecoin hits all-time low

The price of the Trump cryptocurrency, associated with US President Donald Trump, accelerated its decline to 19% over 24 hours on November 5 and reached an all-time low. According to trading data cited by Gazeta.Ru citing RIA Novosti, on Binance, the largest cryptocurrency exchange by trading volume, the memecoin's price fell by 19.1% at 18:12 Moscow time — to $1.182. A few minutes earlier, a new all-time low of $1.169 was recorded.

Coincidence with the political context

The memecoin's decline coincided in time with a report from the Japanese news agency Kyodo on November 5 stating that the 'Trump era' in American politics, which has stretched over the past 10 years, is nearing its end following the Republican Party's historic defeat in the midterm congressional elections. The president himself attributed the Republicans' loss to the consequences of the war against Iran, primarily rising gasoline prices, once again calling the decision to launch military action justified. He also said he was ready to work with the Democratic majority, expressed no concerns about possible impeachment, and ruled out dismissing Defense Secretary Pete Hegseth.

Market context

The memecoin's decline is taking place against the backdrop of overall weakness in the cryptocurrency market: it was previously reported that bitcoin lost value over October. None of the sources confirms a direct causal link between the election results and the memecoin's price movement — the timing coincidence remains merely an observation made by the publications.