According to Bloomberg, on Tuesday, cryptocurrency mining company American Bitcoin Corp.'s stock price plummeted 51% within 26 minutes, marking a period of extreme market volatility and sparking concerns about the Trump family's involvement in the digital currency sector. Just one minute after Wall Street trading began, the stock dropped 33%, fell to 42% after five minutes, and by 9:56, the decline exceeded 50%. This sharp drop has made American Bitcoin a symbol of crypto market turmoil by the end of 2025 and exposed the vulnerability of several Trump family-backed crypto projects. Trump-affiliated projects have seen declines far greater than the overall market. The World Liberty Financial (WLFI) token has fallen 51% from its peak in early September, Alt5 Sigma has crashed about 75% due to legal issues, and meme coins named after the President and First Lady have plunged 90%-99%. American Bitcoin, founded by Eric Trump, has also tumbled 75%. These fluctuations have significantly eroded the crypto wealth the Trump family accumulated earlier this year and have impacted both the digital asset industry and public confidence.

BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to President Trump are deeply mired in a downturn, causing significant losses for some of his most loyal supporters. The price of DJT, under Trump's name, has fallen 75% since he took office. The digital "meme coins" named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since inauguration day. The crypto project World Liberty Financial, under the Trump family, has also seen a decrease of about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued and highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new administration to promote deregulation, tax cuts and...