Add as a preferred source on GoogleTRUMP Token Falls 17.64% as Trump-Linked Stocks Also Slide
World Liberty Financial’s WLFI token fell 8.14%, while Trump Media & Technology Group shares reached a record low.
Trump-linked meme coin TRUMP fell 17.64% over 24 hours to $1.303 on Nov. 5, as politically connected tokens and stocks declined amid Democrats’ sweep of the U.S. midterm elections.
World Liberty Financial’s WLFI token, issued by the Trump-linked firm, fell 8.14%. Trump Media & Technology Group shares dropped 17% and reached a record low, extending the downturn beyond crypto tokens.
Crypto mining stocks also fell as markets reassessed the outlook for miners shifting into AI data-center businesses. Galaxy Digital declined about 14%, Hut 8 fell about 23% and MARA lost about 7%.
The declines spanned two Trump-linked tokens, a media company and three mining-related companies. TRUMP and WLFI are token prices, while the other figures are share moves. World Liberty Financial declined to comment on the token’s price drop. The mining losses came amid a reassessment of the companies’ prospects for moving into AI data-center operations.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.