Crypto projects associated with the Trump family have experienced severe declines, significantly surpassing the broader market downturn. American Bitcoin, a mining firm co-founded by Eric Trump, saw its value drop 50% in one day, marking a 75% fall from its peak. The World Liberty Financial token, linked to former President Trump and his son, decreased by 51% since early September. Alt5 Sigma, another project promoted by Trump's son, fell approximately 75%. Additionally, memecoins named after Trump and Melania Trump have plunged around 90% and 99% from their January highs, respectively. In contrast, Bitcoin has only declined about 25% over the same period. The rapid devaluation of these projects has reportedly wiped out over $1 billion from the Trump family's wealth, raising concerns about the legitimacy and stability of their crypto ventures. Professor Hilary Allen from American University highlighted the failure of these projects to deliver the anticipated credibility to the cryptocurrency sector, further impacting market confidence.