Crypto-linked tokens tied to US political figures slid sharply on Wednesday after results from the US midterm elections shifted expectations in Washington—an undercurrent that stood in contrast to a broad market rebound. According to CoinMarketCap data around 5:32 p.m. UTC, “Official Trump” (TRUMP) fell 17% over 24 hours to about $1.33, while World Liberty Financial (WLFI)—the governance token for the Trump family-backed DeFi project launched in 2024—dropped more than 7% to roughly $0.047. The moves came after the Democratic Party secured surprise wins, including in Texas, and ultimately won control of both the House and the Senate from Republicans.