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You can also read this news on COINTURK NEWS: The crypto world is facing turbulence: Trump's legal battles and Musk's political moves stir the market

The cryptocurrency market is currently experiencing significant upheaval, dominated by unexpected events involving prominent figures such as Donald Trump and Elon Musk. Initially, the main focus was on the potential meeting between Trump and Chinese President Xi Jinping. However, the narrative quickly shifted as Trump's children filed a lawsuit against a crypto company, leading to a sharp decline in the value of the ME token. Meanwhile, Elon Musk hinted at the formation of an alternative political party in the U.S., adding a new dimension to an already intense scenario. Current events are creating excitement in the crypto world.

Sharp decline of ME

According to a Bloomberg report, World Liberty Financial, controlled by Trump's children, issued a message to Bill Zanker Fight Fight Fight regarding the unauthorized use of the name "Trump" in the promotion of Trump Wallet. Previously, the Trump family denied any connection with this wallet and trading platform. The decline of the ME token was anticipated when these denials surfaced, predicting that the lawsuit would follow.