According to Bloomberg, on Tuesday, shares of cryptocurrency mining company American Bitcoin Corp. plunged 51% within 26 minutes, marking a period of extreme market volatility and raising concerns about the Trump family’s involvement in the digital currency sector. Just one minute after Wall Street trading opened, the stock fell 33%, dropped to 42% within five minutes, and by 9:56, the decline exceeded 50%. This sudden drop made American Bitcoin a symbol of the crypto market turmoil by the end of 2025 and exposed the vulnerabilities of several crypto projects under the Trump family.
Trump family-related projects have fallen much more than the overall market. The World Liberty Financial (WLFI) token has dropped 51% from its early September peak, Alt5 Sigma has plummeted 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, also saw its stock price tumble 75%. These swings have significantly eroded the crypto wealth the Trump family accumulated earlier this year and have also impacted the digital asset industry and public confidence.
Although Trump has recently reduced public promotion, Eric Trump continues to emphasize his company’s solid fundamentals on social media, attributing the stock drop to the end of the lock-up period rather than overall market weakness. However, experts point out that the Trump family’s crypto projects are highly dependent on market sentiment and political aura, and once confidence wavers, price fluctuations can be extremely severe.
Historical data shows that these projects once gained short-term returns from policy support and cross-promotion—for example, when Gryphon Digital merged with American Bitcoin, their stock price soared 173%. However, subsequent regulatory and legal issues quickly eroded those gains. In addition, security investigations involving China-made mining machines and Alt5 Sigma subsidiaries facing criminal investigations in Rwanda have put multiple pressures on the family’s crypto assets.
Retail investors have been particularly affected, with some portfolios recently falling as much as 40%. Although the Trump family still holds considerable wealth, this plunge highlights the high-risk nature of their crypto projects and the double-edged impact of political aura on market confidence.
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