Fall of Two Altcoins After Democrats' Victory in the U.S.
The victory of the Democrats in the November 2026 midterm elections and control of Congress has severely impacted political tokens and crypto projects associated with the Trump family. Increased regulatory risks due to the possibility of formal investigations into conflicts of interest and the business activities of the Trump family's crypto ventures are the main factors behind this situation. The two major altcoins that suffered the most are Trump Official (TRUMP) and World Liberty Financial (WLFI). The TRUMP token is in a downward trend and has lost its support at $1.37. If selling pressure continues, the price could drop to $1. Additionally, WLFI is also in a strong downward trend and has lost its support at $0.05. If selling pressure persists, the price of WLFI may decrease to $0.04. The shift in power balance in Congress indicates the vulnerability of tokens tied to political figures, and these two tokens must confront challenges related to supply and congressional investigations.
-- Price
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