Cryptocurrency projects associated with former President Trump’s family are facing significant challenges in the market. On December 2, shares of “American Bitcoin,” a company owned by Trump’s son Eric Trump, experienced a rare and sharp drop in stock market history. Within just 30 minutes, the company’s stock price plummeted by more than 50 percent.
According to analyses by Bloomberg, the problem is not limited to a single company—almost all digital assets associated with the Trump family have continued to lose value since the beginning of the year. For instance, the “American Bitcoin” project has lost approximately 75 percent of its market value since the start of the year. The situation is similarly concerning for other projects. The “World Liberty Financial” token, created under the direct initiative of President Trump and his sons, fell 51 percent from its peak price in September. The most severe losses were seen in “meme” cryptocurrencies owned by Donald Trump and his wife Melania, which lost 90 and 99 percent of their value respectively, effectively wiping them out. Another crypto company owned by Trump’s sons, “Alt5 Stigma,” also suffered a similar fate, losing 75 percent of its capitalization.
Amid this market chaos, Eric Trump addressed investors on the social media platform X, urging them to remain calm. He attributed the sudden crash not to internal company problems but to technical reasons, particularly early investors exercising their stock options to take profits. Eric Trump emphasized his continued confidence in the project, stating that he has not sold any of his own shares and remains focused on his goal of building one of the world’s largest cryptocurrency companies.
