The key facts
- On November 5, the TRUMP memecoin dropped to $1.26, losing 14.56% in a day
- MELANIA fell to $0.06378 — down 99.5% from its high of $13.05
- Democrats won a majority in both chambers of Congress in the November 3 elections
Trump's memecoin falls in price for the second day in a row
The cryptocurrency of US President Donald Trump fell sharply after the midterm congressional elections. On Thursday, November 5, the price of the TRUMP memecoin dropped by 14.56% in a day — to $1.26, according to trading data on the Binance exchange cited by Life.ru. The decline continued for the second day in a row: the day before, on November 4, the asset lost almost 10% and was worth about $1.45.
MELANIA has lost almost everything from its peak
MELANIA followed the TRUMP memecoin: it fell to $0.06378, having lost more than 99.5% from its all-time high of $13.05. Meanwhile, other major cryptocurrencies showed growth on November 5 — bitcoin rose above $80,000, while Trump's memecoin continued to fall in price.
Connection with the election results
The drop in quotes occurred after the midterm elections held on November 3. As a result, the Democrats won a majority in both chambers of Congress, depriving the Republican Party of control over the legislature: in the House of Representatives they secured at least 223 seats with 218 needed, and in the Senate they were projected to win 54 seats. The new Congress will begin work in January 2027.
