TL;DR
TRUMP plunged 22.15% to $1.23 , while World Liberty Financial’s WLFI declined 7.22% to $0.04 over the past 24 hours.
Democrats secured control of both chambers of Congress , increasing political uncertainty surrounding Trump’s cryptocurrency initiatives.
DeFi tokens moved in the opposite direction , with the sector’s index gaining approximately 5% as Bitcoin recovered toward $78,300.
The Official Trump (TRUMP) token and World Liberty Financial’s WLFI faced significant selling pressure on November 4 after Democrats won control of both chambers of the US Congress in the midterm elections. The political shift weighed on Trump-associated digital assets, while decentralized finance ( DeFi ) cryptocurrencies recorded stronger performances across the broader market.
According to current market data, TRUMP trades at $1.23, down 22.15% over 24 hours . Meanwhile, WLFI fell 7.22% to $0.04 .
TRUMP and WLFI Face Political Pressure After Democratic Victory
The Democratic victory represents a major setback for President Donald Trump’s legislative agenda. By taking control of both the House of Representatives and the Senate, Democrats gain greater influence over congressional investigations, legislative priorities and regulatory discussions during the remaining two years of Trump’s presidency.
For the cryptocurrency sector, the result introduces uncertainty around initiatives that received political support from the Republican-controlled Congress. Trump’s connections to digital asset businesses have also attracted attention , making associated tokens particularly sensitive to changes in political sentiment.
However, the sell-off does not necessarily reflect a deterioration in the underlying technology or broader cryptocurrency adoption. TRUMP operates primarily as a political meme coin, with demand closely linked to public attention and speculative activity. WLFI, on the other hand, is connected to a financial ecosystem that includes decentralized finance products and its USD1 stablecoin.
These differences mean both assets face distinct challenges, even when political developments influence their short-term performance.
DeFi Tokens Gain Ground as Bitcoin Recovers
While Trump -linked cryptocurrencies struggled, decentralized finance assets moved higher. CoinDesk reported that its DeFi Select Index advanced approximately 5% on November 4 , with Injective and Ethena among the leading performers.
Injective gained approximately 6.2%, while other digital assets, including Morpho, also recorded positive movements. The broader CoinDesk 80 Index climbed 2.3% , reflecting improving conditions across several segments of the altcoin market.
Bitcoin also recovered after briefly approaching $75,600, returning toward $78,300 during Wednesday’s trading session. Ethereum gained approximately 2%, adding support to the wider market rebound .
The divergence suggests that investors are reallocating capital toward different cryptocurrency sectors rather than abandoning digital assets altogether. DeFi protocols continue to attract attention through financial infrastructure, decentralized trading and blockchain-based services.
