# Trump Memecoin Drops 26% in Week After Midterm Election Results

By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-08

bsc news brief, crypto news

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The TRUMP token has declined 26% over the past week to around $1.17, marking the steepest drop among major memecoins during that period. The token's market cap now sits at approximately $332 million, down from over $9 billion shortly after its January 2025 launch on Solana.

The decline followed Republican losses in the US midterm elections, where Democrats gained control of both the Senate and House of Representatives. Political risk appears to be weighing on Trump-linked digital assets specifically, with another related token, MELANIA, also hitting record lows. Only about 282 million of the 1 billion total tokens are currently circulating.

**Read the full story on BSC News:** [Official Trump (TRUMP) Token Falls 26% in a Week, Leading Memecoin Losses](https://bsc.news/news/official-trump-token-weekly-loss-memecoins?utm_source=paragraph&utm_medium=brief&utm_campaign=article_wire)

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*Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/trump-memecoin-drops-26percent-in-week-after-midterm)*