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US President Trump faces renewed backlash as Trump-linked tokens crash — TradingView News

cryptonews100_tggfrn by cryptonews100_tggfrn
April 12, 2026
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United States President Donald Trump is going through renewed scrutiny as crypto tokens and initiatives touted by the US president crash to all-time lows or sit close to report low ranges.

The Official Trump token (TRUMP), a memecoin pushed by Trump, hit an all-time low of about $2.73 in March 2026 and is at present buying and selling at about $2.86, in accordance with knowledge from CoinGecko.

The governance token issued by World Liberty Monetary (WLFI), a decentralized finance (DeFi) platform co-founded by Trump’s sons, sunked to an all-time low of simply $0.07 on Saturday.

WLFI is down by almost 75% from its all-time excessive of about $0.31 reached in September 2025, whereas the TRUMP memecoin is down by about 90% since its all-time excessive of over $73 reached in January 2025. 

“We thought Sam Bankman-Fried or Gary Gensler had been the worst issues to occur to the crypto business, they usually had been horrible,” Professor Tonya Evans stated in response to the plummeting token costs. Evans, a board member at Grayscale mum or dad DCG, added:

“However, seems, it was the man who surrounds himself with sycophants, siphons each little bit of worth he can for himself, after which expeditiously bankrupts firms and casinos with out consequence.”

President Trump additionally introduced one other gala for token holders, scheduled to happen on April 25, fueling renewed scrutiny from US Democratic lawmakers, who’ve accused Trump of affect peddling by giving token holders entry to him.

Associated: Trump memecoin whales pile in forward of Mar-a-Lago gala

US lawmakers ship letter to Trump memecoin creator

Senators Elizabeth Warren, Richard Blumenthal and Adam Schiff have requested Invoice Zanker, the person who launched the Trump memecoin, for particulars on the aim of the deliberate Trump memecoin gala in April.

The organizers of the occasion are “dangling entry” to Trump, the lawmakers stated, in accordance with Politico, which obtained a replica of the letter. 

Trump and his relations stand to learn from elevated gross sales of the Trump memecoin; attendees are required to carry TRUMP tokens to realize entry to the occasion, the Senators stated.



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