Trump Trade falters as traders reassess stocks and tokens tied to political policies

The so-called Trump Trade, once the hottest thesis on Wall Street and in crypto markets alike, has gone from victory lap to damage assessment. Assets tied to Donald Trump’s political brand and policy agenda have cratered across the board. The Official Trump memecoin ($TRUMP) is down roughly 97-98% from its January 2025 peak of $73-$75. Trump Media stock has shed about 89%. World Liberty Financial tokens are off approximately 82%. And shares of American Bitcoin, another Trump-affiliated venture, have collapsed 95-97%. A billion-dollar divergence Financial disclosures from July 2026 show that entities linked to Trump generated over $1 billion in crypto revenue. Trump himself reported personal Bitcoin holdings valued between $100 million and $500 million. On the other side of that ledger: approximately 989,000 wallets tied to the $TRUMP token alone recorded combined losses of $3.81 billion through June 2026. How the trade unraveled Tariff actions and escalating trade disputes, a hallmark of Trump’s economic agenda, introduced persistent volatility across equity markets starting in 2025. The very policies that were supposed to benefit Trump-aligned investments created headwinds that dr...