The Trump family's mining company's stock price plummeted by 50% in a single day, triggering panic selling in the market after the lifting of the lock-up period.

[Block Rhythm] The Bitcoin mining company American Bitcoin, co-founded by Eric Trump, experienced a stock price debacle on Tuesday. Once the lock-up period ended, within half an hour of the opening, the stock price plummeted like a dam bursting—directly experiencing a 50% Slump, falling over 50%. The circuit breaker mechanism was triggered several times, and the market data was quite thrilling.

By the time the market closed in the afternoon, the situation had stabilized a bit, ultimately closing at $2.33, but still down 35% compared to the previous day. It reminds me that they were still ringing the bell on Nasdaq in mid-September, and just over two months later, the situation has changed quite drastically. The impact of the lock-up period expiration on the secondary market can be considered a textbook case this time.