General Crypto
November 5, 2026
TRUMP Plunges 19% to $1.25 MELANIA Sinks 14% to $0.065 as Democrats Win Congress, Can They Recover?
- Trump memecoin fell 26% in a week, with its market cap dropping to $332 million
- Richard Blumenthal’s Senate probe gave Binance, Tether, WLFI, and Fight Fight Fight LLC until January 4, 2027, to submit requested records
- Trump price prediction data from CoinCodex points to a potential $0.87 price by February 2027, which could mean a 23.68% loss on a $1,000 investment made at $1.14
The Trump memecoin is facing renewed pressure as its price decline coincides with growing scrutiny from US Senator Richard Blumenthal. The Trump token has now fallen 26% over the past week, as Blumenthal has given Binance, Tether, WLFI, and Fight Fight Fight LLC until January 4, 2027, to submit records requested as part of congressional investigations. The senator has warned that the Senate’s Permanent Subcommittee on Investigations may consider further measures if the companies fail to cooperate. Here’s what this entire development is all about.
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Richard Blumenthal Sets January 4 Deadline for Crypto Firms
The latest Senate probe initiated by US Senator Richard Blumenthal targets several cryptocurrency concerns. The list includes alleged illicit financial activities and potential conflicts of interest involving Trump-linked businesses. Blumenthal has now requested records from four companies, which are Binance, Tether, WLFI, and Fight Fight Fight LLC. Binance and Tether are facing concerns over alleged use of crypto in transactions involving sanctioned entities.
At the same time, WLFI and Fight Fight Fight LLC are facing concerns over official Trump memecoin and crypto ventures linked to Trump’s family, with concerns targeting potential conflicts of interest.
The January 4, 2027, deadline gives companies the opportunity to submit required documentation voluntarily. Richard Blumenthal has warned that the committee may consider alternate measures to obtain the details if the companies fail to comply with their requests.
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Trump Memecoin Market Cap Falls to $332M
The Trump memecoin has been experiencing rapid decline since its launch. According to BSCN, the token was trading around $1.17, down 26% from $1.58 a week earlier. Its market cap stood at $332M, down from its post-launch peak of $9B.
This decline also stands out against the wider crypto memecoin market. The platform shared how this wider memecoin category recorded a weekly decline of 2% in the same period. Trump’s memecoin, on the other hand, noted a sharp correction during the same period as the Senate probe news circulated.
Per CoinCodex, the Trump memecoin may reach an lower price estimate of around $0.87 by February 2027, while its average forecast for that month is around $0.85.
According to the MCO crypto calculator tool, this would mean a $1,000 investment in the Trump memecoin at the present price of $1.14 may incur losses worth approximately $236 if the CoinCodex Trump prediction comes true. However, it is to be noted that crypto markets are volatile and tend to change, so investment-related decisions must be taken after research and care.
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