After the ban on sales ended, the selling pressure intensified, and the Trump Media Technology Group (DJT.US) fell for six consecutive days to a new low in 2021.

As the lock-up period for internal stakeholders of the Trump Media & Technology Group (DJT.US) owner (such as major shareholder Trump, who holds 56.6% of the shares) to sell their shares expired on September 19th, the stock continued to decline. On Monday, the Trump Media & Technology Group's stock price fell to its lowest level since 2021, closing down 10.33% at $12.15 per share for the sixth consecutive trading day. It is reported that the Trump Media & Technology Group went public on the NASDAQ at the end of March after merging with a special purpose acquisition company. According to the terms of the company's initial public offering (i.e. lock-up agreement), Trump and others who received shares before the company went public were not allowed to sell any shares for approximately 180 days. This lock-up period ended on September 19th Eastern Time. The stock price of the Trump Media & Technology Group had reached a high of $79.38 after going public, as traders speculated on Trump's potential return to the White House. However, since going public at the end of March, the Trump Media & Technology Group's stock price has fallen by nearly 85%. With Trump losing his lead over Democratic presidential candidate Harris in opinion polls, and investors concerned that insiders would sell their shares after the lock-up period, the stock has seen a recent accelerated decline. Despite Trump stating that he would not sell his shares in the social media company, other insiders may soon sell their Trump Media & Technology Group shares to cash in on their earnings. Other major shareholders who may sell their shares soon include United Atlantic Ventures and Patrick Orlando's fund ARC Global Investments, who together hold 11% of the Trump Media & Technology Group's shares. After the lock-up period ended, the trading volume of the Trump Media & Technology Group's stock has significantly increased. Over 14 million shares were traded last Thursday, over 22 million shares were traded last Friday, far exceeding the approximately 8.3 million shares 30-day average trading volume. On Monday, over 18.3 million shares were traded. When asked for comments on the recent stock price trends, a spokesperson for the Trump Media & Technology Group said, "The Trump Media & Technology Group had $344 million in cash and cash equivalents at the end of the last quarter, zero debt, and has launched an in-app streaming platform on our custom content delivery network." "With further innovation plans on the horizon, the Trump Media & Technology Group remains optimistic about its growth strategy." Some strategists have pointed out that the Trump Media & Technology Group's nearly $3 billion market value is not related to its daily operations, as its market value is equivalent to over 1000 times its revenue, far exceeding the valuation of chip giant NVIDIA Corporation (NVDA.US), whose market value is 24 times its revenue. Chief strategist Steve Sosnick of Interactive Brokers Group, Inc. Class A stated, "Even if some shares are sold, the market may struggle to absorb it without causing significant harm to the stock." "Ultimately, a lot will depend on (Trump) keeping his promise not to sell, and the company's long-term prospects will depend entirely on his electoral prospects."