BlockBeats news, on December 1, reported by WSJ, stocks and crypto assets related to U.S. President Trump are in a deep slump, causing significant losses for some of his most loyal supporters. The price of DJT, Trump's stock, has plummeted 75% since his inauguration. The digital “meme coins” named after Trump and First Lady Melania have dropped 86% and 99% respectively since the inauguration. The Trump family's crypto project, World Liberty Financial, has also seen a decline of about 40% since its launch in September. Both stocks and digital currencies directly associated with the president or his family have suffered heavy losses, reflecting a general pullback in the entire overvalued, highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new government to promote deregulation, tax cuts, and support for crypto policy, driving related assets to continue rising. However, after Trump regained power, his policies on global trade disrupted these bets, and investors began to focus on the actual performance of these companies rather than his political prospects. For example, DJT, according to FactSet data, has a price-to-sales ratio as high as 1,240 times. The Trump family's crypto businesses (such as World Liberty Financial and American Bitcoin) have also been impacted by the recent big dump in crypto assets. Not only are Trump's assets affected, but the entire “meme” speculation frenzy is cooling down, with DJT being just one of many “meme stocks” recently hit hard; the market's speculative enthusiasm has clearly diminished. Nick Giorgi, Chief Equity Strategist at Alpine Macro, stated: “This is a healthy pullback after speculative fervor.” He noted that indices tracking meme stocks, retail investor favorites, loss-making tech stocks, and momentum stocks have all seen significant declines over the past month.
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