TRUMP Token Falls 17.64% as Trump-Linked Stocks Also Slide

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%.