Big shots arguing, cryptocurrency market plummeting, retail investors pick up the tab!
🔥 Musk and Trump engage in a fierce back-and-forth, causing a waterfall decline in the crypto market! $BTC and $ETH plummet over 8%, while $DOGE , TRUMP coin and other celebrity coins crash over 20% within 24 hours, spreading panic in the market.
In the short term, both major sectors are under pressure. In the renewable energy field, Tesla is embroiled in factional disputes, and Binance's renewable energy tokens are collectively correcting; in the meme coin market, DOGE and TRUMP coins are particularly hard hit, with DOGE seeing a net capital outflow of over $320 million, as trust in celebrity-backed coins sharply declines.
However, crises also bring new opportunities. The Web3 governance track is gaining momentum, with decentralized voting protocols attracting attention, and DAO tools like Aragon becoming popular among tech enthusiasts; NFTs and election DAOs are rising in prominence, with Trump's camp minting over 10,000 NFTs in a single day, opening up new narratives for related crypto projects.
Operational advice: Stay away from celebrity-themed coins in the short term, shift funds towards mainstream assets like Bitcoin and Ethereum or stablecoins for risk aversion, and wait for the market to stabilize.
