The Trump family's wealth evaporated by more than $5 billion due to the plunge in DJT's stock price.
Trump Media Technology Group, a cryptocurrency and social media company controlled by the Trump family, saw its stock price plummet to a historic low amid the continued decline in cryptocurrency — causing the Trump family's wealth to evaporate by over 5 billion USD.
Former President Trump indirectly holds about 115 million shares of the company. Trump Media (stock ticker DJT) has fallen nearly 70% year-to-date, with 34.6% of the decline occurring in the past month.
In early trading on Wednesday, the stock price dropped about 1% to $10.76, after hitting an intraday low of $10.32 the previous day — the lowest level since the fall of 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.
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