From Mother Jones · Russ Choma · · 1m
Trump's Crypto Plummets After Election Shift
Trump's crypto assets crash as Democrats gain election control.
In brief
Trump's crypto assets crash as Democrats gain election control. Trump's $TRUMP meme coin and related assets dropped 20% within a day after early election results showed Democrats gaining control of Congress. Originally reported by Mother Jones.
Trump's crypto assets drop
The Trumps' financial ventures faced sudden declines as early election results showed Democrats gaining control of Congress.
$TRUMP coin plummets
The $TRUMP meme coin dropped from $1.60 to $1.23 in less than a day, a 20% decline.
WLFI token falls
The WLFI token, Trump's decentralized finance company token, dropped from 5.1 cents to 4.7 cents in a day.
Trump Media shares crash
Trump Media & Technology Group shares fell from $5.95 to below $4.60 in after-hours trading.
Democrats gain power
Early election results showed Democrats gaining control of Congress, triggering fears of legal action against Trump.
Legal threats intensify
Senate Democrats demanded Trump share records, and House Democrats warned of legal action.
The takeaway
Trump's $TRUMP meme coin and related assets dropped 20% within a day after early election results showed Democrats gaining control of Congress.
