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Trump and Melania memecoins hit record lows amid political scrutiny and rising short bets.

Market News
05 Nov 2026, 11:42 WIB
Altcoin Buzz
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Bearish
Trump and Melania memecoins hit record lows amid political scrutiny and rising short bets.

The memecoins named after President Trump and First Lady Melania have plunged to all-time lows, with TRUMP down 98.3% from its peak and MELANIA down 99.5%. This decline coincides with Democrats gaining control of the House, where the new Oversight Committee chair plans to investigate the Trump family's crypto dealings. Despite the broader crypto market remaining relatively stable, TRUMP and MELANIA saw sharp drops and increased trading volume, especially in TRUMP futures, which indicate traders are betting on further price declines. The political developments and upcoming congressional oversight starting in January are key factors to watch for holders of these coins.

As of Nov 05, 2026 17:02 WIB, TRUMP trades at Rp23.008 on Pluang, down 14.93% in one day, continuing its steep decline from peak levels. The coin's market cap stands at Rp6,48 trillion with a high 24-hour trading volume of Rp9,85 trillion, showing active investor interest despite the sell-heavy order activity of 68%. This contrasts with the broader crypto market stability mentioned in the article, highlighting TRUMP's unique volatility amid political scrutiny.

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