Truth Social's shares have plummeted nearly 8% to an all-time low of $16, marking a significant decline from the previous price of $78.
The stock's stability appears intertwined with Trump's political events, particularly the recent threats he faced and the questionable crypto project he launched.
Experts liken DJT to a meme stock, showing that its value seems driven more by hype and Trump's actions than by traditional business performance.
Many investors bought shares to express political support rather than for financial investment, underscoring the stock's connection to Trump's personal brand.
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