Trump-linked tokens, AI data center stocks suffer on blue wave
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Trump-linked tokens and AI data center stocks fell after the Democrats’ midterm sweep.
- ✓WLFI tokens dropped 6% and Trump Media shares tumbled 25%.
- ✓Investors worry about future investigations and slower data-center construction.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Moneycontrol.com
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Democrats’ midterm sweep is rattling some of the digital-asset market’s most politically exposed investments, from cryptocurrencies tied to Donald Trump to the sprawling Texas data-center projects underpinning valuations of companies that used to be known as Bitcoin miners.
The price of WLFI tokens from World Liberty Financial, co-founded by Trump, dropped by about 6% in the last 24 hours, while his namesake memecoin declined about 19%, according to data compiled by CoinGecko.com. Trump Media & Technology Group Corp. shares tumbled 25%, while the exchange-traded fund DJTU, providing leveraged exposure to the company, declined almost 50%.
“It’s a reflection of both the drop in cachet and the likely investigations/prosecutions in the pipeline,” said Noelle Acheson, who writes Crypto is Macro Now newsletter. “The mining stocks are getting hit by a shift in the outlook for data-center construction.”
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Moneycontrol.com
Read the full, original unfiltered story directly on the publisher's portal.