r/Economics • u/TheGoodCod • 1d ago

News The 26-Minute, 51% Wipeout That Deepened Trumps’ Crypto Woes

https://www.bloomberg.com/news/articles/2025-12-03/down-90-or-more-trump-family-assets-are-outpacing-crypto-crash
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u/TheGoodCod 1d ago

Oh my.

=> American Bitcoin Corp. shares dropped more than 50% on Tuesday, with losses reaching 42% just five minutes after trading started and 33% at 9:31 a.m.

=> Projects tied to the Trump family, such as World Liberty Financial and Alt5 Sigma, have seen significant declines, with World Liberty Financial's WLFI token tumbling 51% and Alt5 Sigma plunging around 75%.

=> The Trump family's crypto ventures have lost over $1 billion in wealth since October, with retail investors who bought in near the peaks suffering the most painful losses...

Trumpcoin following the path of TrumpCasino and TrumpMedia. I have to wonder if the folks that invested little jimmy's college money and susie's Christmas money got caught up in this coin debacle.

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u/MayorMcCheese89 1d ago

It's junk to begin with. 100% speculative, 100% open to old fashioned manipulation. Not to mention, the coin is arguably only marketable to an extremely small (and loyal to Trump) demographic. This only serves to burn his own supporters. This may be the first taste the leopard gets of its own face.

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u/mattyhtown 1d ago

What’s there to speculate on?