Trump family Bitcoin business crashes. Suspicion of insider trading

Earlier this week, the Trump family’s Bitcoin mining operation crashed by around 40% in a single day. More precisely, it plummeted by 40% in just 30 minutes (after locked-up shares suddenly became freely tradable). Internet users claim this bears a strong resemblance to the Trump memecoin crash earlier this year.

American Bitcoin

This past spring, Eric Trump, one of the US president’s sons, announced the launch of his family’s own Bitcoin mining company, called American Bitcoin. Essentially, they simply acquired a smaller crypto company and gave it a new name, but of course that’s a known Trump rebranding scheme.

@EricTrump stays with @ABTC despite the stock crash.

After the end of the share-sale restriction period, American Bitcoin Corp (ABTC) investors were able to sell their holdings for the first time, triggering a drop of more than 50% in a single day.

Later, the stock partially… pic.twitter.com/ltPQgT0qvm

— TU_Crypto_News (@TU_Crypto_News) December 3, 2025

Thanks to the popularity of the US president and his family, the price of American Bitcoin (around $2 at the time of the announcement) rose to a peak of $9. Ever since the start of the Bitcoin bear market in October and November, the stock had already lost some 40%, until it crashed completely this week. On Tuesday, it fell by around 40% in 30 minutes after shares that were originally in lockup became accessible to trade freely.

Shares of American Bitcoin, the crypto miner co-founded by Eric Trump, lost more than half of their value in less than 30 minutes on Tuesday, triggering repeated trading halts.

Monique Mulima reports https://t.co/HbNMGizq96 pic.twitter.com/uBeGttMWM4

— Bloomberg TV (@BloombergTV) December 2, 2025

Such a strong movement leads many to suspect that insider trading is possible. Ath the start of the year, during the launch of the Trump memecoin, a 40% drop was also observed in a single day (after the launch of the Melania memecoin). The Trump family is thus once again caught in the eye of the crypto storm, although proving this is insider trading will be very difficult, of course.