The World Liberty Financial (WLFI) token fell toward a record low on Nov. 5 after Democrats captured both chambers of Congress in the United States midterm elections. The Trump-linked token traded near $0.047 in one market snapshot, while CoinGecko recorded an all-time low near $0.0458.

The sell-off came alongside a renewed legal challenge from investor Justin Sun, a development that raised questions about the project's governance and political exposure.

The decline pushed WLFI's circulating market capitalization toward $1.5 billion, though pricing services reported different intraday lows. CoinGecko placed the token's previous peak around $0.3313 in September 2025.

Key Insights

• The WLFI price slumped to a record low after the US midterm elections.
• The Democratic sweep opens the door to an investigation of World Liberty Financial.
• Justin Sun has also sued World Liberty for withholding his tokens.

Broader Decline in Trump-Affiliated Assets

The WLFI price plunge has coincided with declines across other Trump-affiliated assets. The TRUMP meme coin, which President Donald Trump launched before his inauguration, dropped to $1.220, down more than 78% from its highest point this year, and has lost billions of dollars in value since its start. Trump Media stock dropped to $4.49 from a record high of $80, while American Bitcoin, which is associated with Eric Trump, fell to $6.24, its lowest level since Aug. 6.

WLFI's trading volume jumped 40% over the last 24 hours to $97.8 million, a sign that many investors were selling the coin. The price action came as investors absorbed the results of a midterm election in which Democrats won convincingly. They captured seven Senate seats and may win two more in Alaska and Mississippi, and they took the House of Representatives by a large margin. Control of both chambers gives Democrats the authority to convene hearings and issue subpoenas — the primary tools congressional investigations depend on.

World Liberty Financial Could Face Investigation

One of the top concerns among voters was President Donald Trump's corruption. These concerns rose sharply after he disclosed that he made more than $2.2 billion in income last year, with most of it coming from his crypto ventures.

World Liberty Financial, which was started by the families of Trump and Steve Witkoff, will be under scrutiny for two main reasons. First, Democrats will investigate the Office of the Comptroller of the Currency (OCC) for granting the company a preliminary bank charter, and whether President Trump intervened in the process.

Second, and most importantly, World Liberty's main product is its stablecoin, known as USD1. Stablecoins are tokens designed to hold a fixed value against fiat currencies and sit at the core of crypto trading and settlement. USD1 has a market capitalization of more than $3.6 billion, making it one of the biggest players in the sector and larger than PayPal's PYUSD and Ripple Labs' RLUSD.

The main concern among Democrats is a deal involving MGX, a United Arab Emirates-based investor. MGX invested $2 billion in Binance last year and decided to use the USD1 stablecoin. Binance, the world's largest crypto exchange, took part in the design of USD1 and has since maintained its position in the stablecoin. As a result, World Liberty has made millions of dollars from the transaction, possibly violating the emoluments clause, which bars federal officials from accepting payments or benefits from foreign governments without congressional approval. Violating that clause could be an impeachable offense.

How the new Congress structures its probes — including any hearings on the OCC charter decision and the MGX transaction — and how Sun's lawsuit proceeds in court are key developments to watch as the project's legal and political exposure unfolds.

WLFI is also falling amid Trump's loss of power and popularity, even among his core voters. Data shows that his approval rating has dropped to the low 30% range. Meanwhile, Justin Sun, the founder of the Tron blockchain and a major investor in World Liberty, has sued the company for withholding his tokens. He claims he has been unable to trade the tokens, in which he invested $45 million before they became available in the public markets.

WLFI Price Technical Analysis

The daily chart shows that the World Liberty Financial token has been in a strong sell-off since its start. It has now plunged below the important support level of $0.05126, its lowest level in May, June, July, and August. Moving below that level confirmed the bearish outlook.

The coin has slumped below the 50-day moving average, while the Relative Strength Index (RSI) and the MACD have continued falling. The token will likely continue falling, possibly toward the next key target level of $0.01.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile, and legal or political developments cannot reliably predict future prices.