US President Donald Trump is facing renewed scrutiny as crypto tokens and projects promoted by the US president fall to record lows or remain at record lows.
Trump’s official token (TRUMP), a Trump-promoted memecoin, hit an all-time low of around $2.73 in March 2026 and is currently trading at around $2.86, according to data from CoinGecko.
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform co-founded by Trump’s sons, also issued a governance token that hit an all-time low on Saturday at just $0.07.
WLFI is down almost 75% from its all-time high of around $0.31 reached in September 2025, while memecoin TRUMP is down around 90% from its all-time high of over $73 reached in January 2025.
“We thought Sam Bankman-Fried or Gary Gensler was the worst thing to happen to the cryptocurrency industry, and they were terrible” – Professor Tonya Evans he said in response to falling token prices. She added:
“But it turns out he was a guy who surrounds himself with sycophants, sucks out whatever value he can for himself, and then bankrupts companies and casinos quickly and without consequence.”
President Trump also announced another gala for token holders on April 25, drawing renewed scrutiny from US Democratic lawmakers who accused Trump of influence peddling by giving token holders access to it.
Related: Trump’s memecoin whales gather outside the Mar-a-Lago gala
US lawmakers send letter to memecoin creator Trump
Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff recently sent a letter to Bill Zanker, the person who launched Trump’s memecoin, requesting details about the purpose of Trump’s planned memecoin gala in April.
According to lawmakers, event organizers are “blocking access” to Trump Policywho received a copy of the letter.
Trump and his family members may benefit from increased sales of Trump’s memecoin; The senators said attendees must have TRUMP tokens to access the event.
Warehouse: Trump’s crypto ventures raise conflicts of interest and insider trading issues
