The American Bitcoin restricted stock founded by Trump's son was unlocked, and the stock price once plummeted over 50%, ultimately closing down 35%

The cryptocurrency mining company American Bitcoin Corp., co-founded by Eric Trump, son of Donald Trump, experienced significant selling pressure on Tuesday due to the unlocking of restricted shares. After the market opened, the stock price fell by more than 50% within just 30 minutes, triggering multiple circuit breakers during that time. The decline then moderated, and as of 2:30 PM New York time, it closed at $2.33, down about 35% from the previous trading day. The company held its opening bell ceremony on Nasdaq on September 16 of this year. (Bloomberg)