Tokens tied to President Trump fell hardest in crypto on Wednesday after Democrats swept the US midterms, while bitcoin held above $80,000 and a handful of DeFi and exchange tokens posted double-digit gains.
MoneyTurkey | Talk of the Town | 4 November 2026
Key points
- Official Trump (TRUMP) fell 18.7% and World Liberty Financial (WLFI) 5.0% over 24 hours, the two biggest Trump-linked tokens on the losers board.
- Bitcoin rose 2.9% to $80,046 and Ether 5.6% to $2,415, recovering from earlier election-night selling.
- Kamino (KMNO) gained 8.6% after the lending protocol tied most of its CEO’s token vesting to valuation targets, CryptoSlate reported.
The midterm trade
The clearest political signal on the board came from the Trump family’s crypto ventures. TRUMP, the president’s meme coin, dropped 18.7% to $1.28, and WLFI, the governance token of the Trump-backed World Liberty Financial, slid 5.0% to about $0.0485, according to CoinGecko data at 23:25 London time. Yahoo Finance reported earlier declines of 17% and 7% respectively, and The Guardian said the results had dented Trump’s personal wealth.
A Democratic House and Senate makes it harder for the White House to push crypto-friendly legislation through Congress, a risk Bloomberg flagged as bitcoin slipped earlier in the session. The wider market has since recovered.
Blue chips
Bitcoin was up 2.9% at $80,046, and Ether climbed 5.6% to $2,415.42, back above $2,400. BNB added 2.3% to $715.20 as Binance recovered from the selloff that followed its hack; the exchange said this week it had refilled 98% of the stolen assets. XRP rose 1.7% to $1.30 and Solana 1.2% to $94.68.
| Coin | 24h | Price | Market cap | Why it moved |
|---|---|---|---|---|
| Bitcoin (BTC) | +2.9% | $80,046 | $1.6T | Recovers from election-night dip |
| Ethereum (ETH) | +5.6% | $2,415.42 | $295.1B | Back above $2,400 |
| BNB (BNB) | +2.3% | $715.20 | $94.1B | Binance recovers from hack-driven selloff |
| XRP (XRP) | +1.7% | $1.30 | $82.4B | — |
| Solana (SOL) | +1.2% | $94.68 | $55.9B | — |
Biggest gainers
Fluid, the DeFi lending and trading token, led the top 200 with a 22.9% jump to $2.47. Backpack’s BP rose 12.4% to about $1.00 and Raydium 11.3% to $1.74; no single news catalyst was reported for those moves. Backpack’s token gives no direct allocation to insiders and lets long-term stakers swap tokens for company equity at an IPO, according to the exchange.
Kamino added 8.6% to $0.0364 after it linked most of its CEO’s KMNO vesting to the token’s valuation, though holders have no claim on foundation revenue, CryptoSlate reported. Derive gained 10.2% to $0.3446.
| Coin | 24h | Price | Market cap | Why it moved |
|---|---|---|---|---|
| Fluid (FLUID) | +22.9% | $2.47 | $0.2B | — |
| Backpack (BP) | +12.4% | $0.9973 | $0.2B | — |
| Raydium (RAY) | +11.3% | $1.74 | $0.5B | — |
| Derive (DRV) | +10.2% | $0.3446 | $0.4B | — |
| Kamino (KMNO) | +8.6% | $0.0364 | $0.2B | CEO vesting tied to valuation |
Biggest losers
Beyond the two Trump-linked tokens, Shuffle fell 5.6% to $0.3649 and LayerZero 4.3% to $1.79, with no specific driver reported.
| Coin | 24h | Price | Market cap | Why it moved |
|---|---|---|---|---|
| Official Trump (TRUMP) | -18.7% | $1.28 | $0.4B | Democrats sweep midterms |
| Shuffle (SHFL) | -5.6% | $0.3649 | $0.2B | — |
| World Liberty Financial (WLFI) | -5.0% | $0.0485 | $1.5B | Democrats sweep midterms |
| LayerZero (ZRO) | -4.3% | $1.79 | $0.7B | — |
What to watch
- Whether crypto market-structure legislation keeps a path through a Democratic Congress
- Further moves in TRUMP and WLFI as final House and Senate counts land
- Binance’s next proof-of-reserves update after the hack refill
Related on MoneyTurkey
- Binance Says It Has Refilled 98% of Hacked Assets as Bitcoin Retakes $80,000
- North Korea Fires Missiles, Rules Out US Talks Over Binance Hack Charge
For information only. Not investment advice.
Sources
- Yahoo Finance: TRUMP Token Falls 17%, WLFI Drops 7% After Democrats Sweep Midterms
- The Guardian: Trump’s wealth dented after Democrats trounce Republicans in midterms
- Bloomberg: Bitcoin Slips as Democratic Sweep Bets Threaten Crypto Agenda
- CryptoSlate: Kamino links most of CEO’s KMNO vesting to valuation while holders have no foundation revenue claim
- Backpack: BP token and Participant Program
- CoinGecko market data, 23:25 London time, 4 November 2026
