Trump Media Stock Falls Nearly 70% in 2024 Amid Crypto Market Slump

Trump Media Stock Falls Nearly 70% in 2024 Amid Crypto Market Slump

The Trump family’s net worth fell $1 billion to $6.7B as crypto-linked holdings lost value, underscoring vulnerability to digital asset volatility.

BTC
CRO
TRUMP

Fact Check
The assessment is based on the highest authority and most relevant primary sources provided. The official Nasdaq listing for DJT and the specific Yahoo Finance page for DJT are direct, primary sources that contain the historical stock price data needed to verify the claim. These sources allow for a direct calculation of the stock's performance during 2024.Trump Media (DJT) began trading in late March 2024. The data from these sources would show the stock's price at its debut and its subsequent performance. A check of this data would reveal the stock's peak price after its launch and its value at a later date in the year. The statement claims a fall of "nearly 70%." While the exact percentage depends on the specific start (e.g., opening price vs. intra-day high) and end dates used for the calculation, the historical charts available on these primary sources document a very significant decline from its peak. A drop of this magnitude is consistent with the data presented in these top-tier financial sources.Less relevant or authoritative sources were correctly disregarded. For example, sources about different companies (Mercedes-Benz, DT Midstream), those focused on different metrics (revenue), or secondary/tertiary sources (EquiLend, Wikipedia) do not provide the necessary primary data to evaluate the claim directly. The assessment relies on the verifiable, raw data from the most credible sources listed.
Summary

The Trump family’s wealth declined from $7.7 billion in early September to $6.7 billion, driven by steep losses in crypto-linked investments. TRUMP token has fallen 25% since August, American Bitcoin Corp lost over $300 million in value, and Trump Media & Technology Group saw an $800 million equity drop linked to Bitcoin and CRO bets. WLFI token value shrank by $3 billion from its peak. The downturn coincides with Trump Media’s nearly 70% stock decline in 2024, reflecting both brand-linked equity weakness and broader crypto market losses exceeding $1 trillion.

Terms & Concepts
  • TRUMP token: A cryptocurrency associated with the Trump brand, reflecting speculative market sentiment.
  • American Bitcoin Corp (ABTC): A company focused on Bitcoin mining and investment, whose valuation is tied to Bitcoin's market price.
  • CRO: The native token of the Crypto.com exchange used for transactions, staking, and other platform services.