Trump family wealth evaporates by over $5 billion due to DJT stock price plunge
Jinse Finance reported that Trump Media & Technology Group, the crypto and social media company controlled by the Trump family, saw its stock price plunge to a historic low amid the ongoing decline in cryptocurrencies—causing the Trump family's wealth to evaporate by more than $5 billion. President Trump indirectly holds about 115 million shares of the company. The company's stock has fallen nearly 70% so far this year, with 34.6% of the drop occurring in the past month. In early trading on Wednesday, the stock price fell about 1% to $10.76, after hitting an intraday low of $10.32 the previous day—the lowest level since autumn 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The three major U.S. stock indexes have turned positive again, with the Nasdaq up 0.47%.
Block increases stock buyback program by $5 billion
"Maji" was liquidated again, with 20% of ETH long positions forcibly closed
