The public feud between Elon Musk and Donald Trump hasn’t just shaken traditional markets and Bitcoin — it’s also had a major impact on memecoins. In the spotlight: TRUMP and MASK.
📉 TRUMP: Political turbulence hits hard
— Following Trump’s clash with Musk, the TRUMP token dropped 12%, now trading around $9.68 (down from a January high of $75.35).
— Analysts estimate Trump lost up to $900 million in crypto-related wealth, largely from the TRUMP coin.
— Market cap is holding at $1.93 billion, but 80% of the token supply is still controlled by entities linked to Trump.
— Daily trading volume remains high at $894 million, showing continued interest despite centralization risks.
📈 MASK: Surging with the Web3 wave
— While TRUMP struggles, MASK (by Mask Network) is riding renewed Web3 hype, gaining 48% over the past week.
— Current price is $3.29, with a market cap of $327 million.
— 24h trading volume is $293 million.
— Despite being far from its all-time high of $97.92, investor interest is clearly returning.
What does it mean?
TRUMP is taking a hit from political backlash and concerns over centralization.
MASK, on the other hand, benefits from growing enthusiasm for decentralized Web3 applications.
Your thoughts?
Is TRUMP just experiencing a dip, or is this the start of a deeper decline?
Is MASK leading a genuine trend or simply riding temporary momentum?
#trumpcoin #Mask #memecoins #CryptoNews #Web3