Front page of Bloomberg, well worth a read: A full scale wipeout hit @realDonaldTrump linked crypto assets, with American Bitcoin plunging 51% in 26 minutes and now down 75%, WLFI off 51%, Alt5 Sigma ~75%, and Trump themed memecoins crashing 90 to 99%. The slump erased over $1B in Trump family crypto wealth since October and flipped the early 2025 “Trump premium” into a drag, leaving peak buying retail holders with the heaviest losses.
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