Shares of Trump Media and Technology Group, the company behind the president’s social media platform Truth Social, fell more than 7% in pre-market trading Tuesday. Trump Media’s shares last closed at $40.

Shares of President Donald Trump's media company, Trump Media & Technology, fell more than 3% in pre-market trading after the inauguration ceremony.

It's one thing for the new President to support the blockchain industry, but veterans aren't so crazy about him joining their ranks. Why it matters: The president-elect nominally making $50 billion on a crypto asset that didn't exist a day prior speaks to the industry's power — but there's growing debate within the community about a stain on crypto's burgeoning credibility.

Trump Media & Technology Group Corp.’s stock fell back in early trading on Tuesday but held on to the level it reached following Donald Trump’s election victory. Trump Media & Technology dropped 12.3% to $35.