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Musk's public break with Trump triggers massive sell-off of MEME

2025-06-06 13:24

Odaily News As Musk and US President Trump openly broke up, related MEME currencies suffered a sharp sell-off. DOGE fell 6.4% to $0.1788 in 24 hours, becoming the seventh worst performing asset among the top 100 cryptocurrencies by market value; TRUMP plummeted 10% to $9.66, becoming the second largest token in the top 100 cryptocurrencies. Analysts believe that this turmoil once again confirms the double-edged sword effect of the celebrity effect in the MEME coin market. (Decrypt)