Crypto’s appetite for high-stakes bets was on full display Monday as shares of Eric Trump’s American Bitcoin collapsed 95% from their peak, erasing more than $600 million from his stake. Simultaneously, two traders squared off onchain with $107 million in opposing leveraged ether positions.
Key Takeaways
American Bitcoin (ABTC) has fallen 95% from its $139.65 peak, cutting Eric Trump’s 6% stake by $600M.Rivals Riot, MARA, Cipher and Terawulf are up over 60% on average in 2026 after pivoting toward AI deals.Lookonchain spotted dueling 30,000 ETH bets on Hyperliquid, a 20x short against a 10x long, $53.49M each.
