TRUMP token drops 5% as Trump Mobile's T1 phone shipping starts next week

The TRUMP token, linked to former President Donald Trump, fell about 5% following the announcement that Trump Mobile's long-delayed T1 handset will begin shipping next week. The T1 phone is a rebranded HTC U24 model with final assembly in the U.S., but manufacturing origins remain overseas. Despite the shipment news, the TRUMP token has lost nearly 90% of its value from earlier levels, indicating investor skepticism about sustained demand for Trump-branded products. The phone's launch marks a shift from concept to consumer product, but the market reaction suggests limited enthusiasm.