TRUMP and other crypto tokens linked to US President Donald Trump have fallen sharply as political scrutiny increases in Washington.
The TRUMP token has dropped around 90% from its peak in January 2025. It recently traded near $2.86 after hitting an all-time low earlier this year, according to market data.
Another token linked to Trump-backed projects, WLFI, also fell to a fresh low. The token is now down about 75% from its September 2025 high.
The declines have intensified debate over the future of Trump-linked crypto ventures. Critics say the tokens have lost value quickly as interest weakens and political attention grows.
Pressure has also increased after the announcement of a gala event for TRUMP token holders. The event is scheduled for April 25 and has drawn concern from US lawmakers.
Senators Elizabeth Warren, Richard Blumenthal, and Adam Schiff sent a letter seeking details about the event. They questioned whether access to political figures was being tied to token ownership.
Lawmakers said the structure could create financial incentives that benefit Trump-linked projects by increasing demand for the tokens.
Professor Tonya Evans also criticised the developments, saying the situation raises broader concerns about accountability and influence in the crypto sector.
The controversy has kept both TRUMP and WLFI under pressure, as traders react to uncertainty around regulation and political scrutiny.
