Eric Trump Crypto Move Mints Billions: American Bitcoin Post-Launch Analysis

Bitcoin mining now has the Trump name attached through another Eric Trump crypto project. American Bitcoin, supported by Eric Trump and Donald Trump Jr., hit the Nasdaq on Wednesday through a merger with a small-cap miner, sidestepping the usual IPO route.

The crypto stock debuted around $8, surged to $13, and pulled back to roughly $10 by midday. For a moment, its market value touched $7.5Bn, 99Bitcoins reported.

But by Thursday midday, it was trading closer to $6.35. The crash has many asking, “Is this another Trump family rugpull?”

this is the American Bitcoin company the Trumps have taken part ownership in.$ABTC looks like $MELANIA or $TRUMP or $WLFI

insane levels of crime pic.twitter.com/uF5HAhf5Zy

— tradingtulips

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