Overview
- The stock plunged about 40% in roughly 30 minutes and triggered multiple automatic trading halts, according to the coverage.
- Shares closed down approximately 39% on Dec. 2, erasing about $1 billion in market value in a single session.
- Eric Trump said the drop coincided with pre‑merger shares becoming tradable, asserted he did not sell his stake, and called the decline a buying opportunity.
- Other Trump‑linked crypto assets have weakened, with WLFI falling from about $0.46 at launch to roughly $0.14 and the Trump‑Coin sliding close to 90% from earlier highs, per cited data.
- Analysts report a wider downturn, with the crypto market losing around $1 trillion since early October and major tokens retreating over recent weeks.