Musk and Trump's Public Fallout Causes DOGE and TRUMP Token Prices to Drop

According to Decrypt, as Musk publicly breaks with U.S. President Trump, related MEME coins have experienced significant sell-offs. DOGE fell 6.4% in 24 hours to $0.1788, becoming the seventh worst-performing asset among the top 100 cryptocurrencies by market cap; TRUMP plummeted 10% to $9.66, making it the second-largest declining token among the top 100 cryptocurrencies.

It is noteworthy that Trump had dinner with 220 major TRUMP token holders two weeks ago, while Musk, during his tenure in the government efficiency department, used the Dogecoin logo and established a department named DOGE. Analysts believe this incident once again confirms the double-edged sword effect of celebrity influence in the MEME coin market.