The prediction concerned people buying Trump Media & Technology Group (DJT) stock around late March 2024, when it was trading at meme-level valuations, and warned they would "lose a large portion" of their money over time.

Historical data show DJT closed between roughly $37 and $66 during March 2024, with a closing price of about $61.96 on March 28, 2024, near the time of the hype around its Nasdaq debut.【1search0】 MacroTrends reports DJT’s price at $61.96 on March 31, 2024 and a latest closing price around $11 in late November 2025, with 2025 showing a ~67% annual decline from the start of the year.【1search3】 A recent article also notes the stock crashed to all-time lows around $10–11 in November 2025, down roughly 70% in 2025 alone.【1news14】

That means a buy-and-hold investor who bought in late March 2024 at ~$40–$70 is now sitting on losses of roughly 70–85% of capital (e.g., from ~$62 to ~$11). Even when looking at the full year 2024, the year-end price (~$34) remained far below the late‑March level (~$62), implying persistent impairment for that cohort of buyers.【1search3】 Contemporaneous coverage throughout 2024 already documented a severe and sustained post-listing slump from the initial surge in the high $50s–$70s down into the $20s–$30s and below.【1news12【1news15【1news16】

While some short‑term traders could have exited with gains, Jason’s claim was about the broad set of investors buying during the meme spike “if you buy this stock” and hold it over time. Given the magnitude and persistence of the drawdown from late‑March 2024 levels to late 2025, those investors in aggregate did, in fact, lose a large portion of their invested capital. Therefore, the prediction is right.