The Trump Family Wealth Evaporated Over $5 Billion Due to the Plunge in DJT Stock Price

BlockBeats News, November 20th, according to the New York Post report, Trump Media & Technology Group, a crypto and social media company controlled by the Trump family, saw its stock price plummet to a historic low as the cryptocurrency market continued to decline—resulting in the Trump family's wealth shrinking by over $5 billion.

Former President Trump indirectly owns approximately 115 million shares of the company. Trump Media (stock symbol DJT) has fallen by nearly 70% this year, with 34.6% of the decline occurring in the past month.

During Wednesday's early trading, the stock price fell by about 1% to $10.76, after hitting a low of $10.32 during the previous day's trading—a level not seen since the fall of 2021.