🚨 Billionaire feud: When support turns into scandal on Twitter! 🚨
In an unprecedented political and economic scene, an open conflict erupted between U.S. President Donald Trump and businessman Elon Musk, as both exchanged accusations and insults via social media platforms, igniting widespread controversy and causing sharp fluctuations in cryptocurrency markets.
🔥 Conflict summary: From alliance to hostility
The beginning: Musk was one of Trump's prominent supporters, having been appointed to the "Department of Government Efficiency" (D.O.G.E.), an initiative aimed at improving government performance.
The explosion: On June 5, 2025, Musk attacked Trump on platform X (formerly Twitter), calling him "ungrateful" and "hypocritical," and referring to his potential involvement in the Jeffrey Epstein scandal.
Response: Trump did not hold back, calling Musk "crazy" and threatening to cancel federal contracts with his companies, resulting in Tesla's stock dropping by 15%.
💸 Impact on the cryptocurrency market
Trump-linked coins plummet: The value of $TRUMP fell by 12% following Musk's accusations.
Impact on meme coins: Tokens like MAGA and DMAGA dropped by up to 27% after Trump and Musk ignored the topic of cryptocurrencies in their Twitter conversation.
Dogecoin volatility: Dogecoin, which was previously associated with Musk's support, experienced sharp fluctuations as a result of this conflict.
📉 Is the impact temporary or permanent?
While some of these fluctuations may be temporary, the conflict between two prominent figures like Trump and Musk could lead to lasting changes in investor confidence, especially in coins linked to public personalities.
🐦 Notable tweets in this conflict
Elon Musk: "Trump is ungrateful... his name is in Epstein's files."
Donald Trump: "Musk has lost his mind. We will reconsider all government contracts with his companies."
🧠 Summary
This public conflict between Trump and Musk is not just a personal dispute, but has deep economic and political implications, especially in the world of cryptocurrencies. Investors must closely monitor developments, as such disputes can significantly impact the markets.
Do you think this conflict will change the future of cryptocurrencies? Share your opinion in the comments!
