00:00It's Benzinga bringing Wall Street to Main Street.
00:02The recent crypto market crash erased about $1 trillion in value over three months
00:07and weighed heavily on digital assets tied to the Trump family, according to Fortune.
00:12Since the October 10th flash crash, American Bitcoin, backed by Eric Trump and Donald Trump
00:17Jr., has fallen about 80%, leaving its market value just over $1 billion after peaking near
00:24$8.5 billion following its September public debut. Melania Trump's memecoin dollar Melania
00:30has been the best performer, down 27% since the crash, though it remains more than 98%
00:36below its launch level after Trump's inauguration last year.
00:40Fortune estimated the family's crypto holdings at about $3 billion in early January.
00:45The Wall Street Journal reported the family has cashed out at least $1.2 billion from World
00:50Liberty Financial. A spokesperson for World Liberty Financial declined to comment to Fortune's
00:56request. For all things money, visit Benzinga.com.
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