Trump-linked crypto stock plunges 50% after lock-in ends

American Bitcoin Corp., a company co-founded by Eric Trump, saw its stock price drop by 50% in just 30 minutes on Tuesday.

This happened because shares that were locked up for a certain period became available for trading.

The stock eventually closed with a 39% loss.

The company's stock had already dropped 60% from its peak in September, following a broader sell-off in the crypto market.

Bitcoin itself had also dropped 30% from its October peak before a slight rebound.

Eric Trump said he is holding all his shares and is committed to the company.

More shares are expected to be unlocked in 2026, which could cause more volatility.

Hut 8 Corp., which owns a majority stake in American Bitcoin, also saw its stock fall by 15% on Tuesday.

Other Trump family crypto ventures have also seen significant drops in value.