Bitwise CIO highlights crypto maturity as election-linked tokens plunge

Matt Hougan says Bitcoin, Ether, and Solana held steady after the US midterms while $TRUMP and $WLFI slid The US midterm elections wrapped on November 3, 2026. By the next day, the crypto tokens most tied to politics were heading south, while the biggest names in the market barely moved. Bitwise Chief Investment Officer Matt Hougan sees that split as a sign the industry is growing up. Crypto used to move as one herd. This time, the herd scattered. On November 4, 2026, Hougan pointed to declines in two election-tied tokens, $TRUMP and $WLFI .