🚨 Crypto Drama Unfolds: Musk vs. Trump Sends Meme Coins Tumbling 🚨
The high-profile feud between Elon Musk and Donald Trump is making waves in the crypto world. Dogecoin (DOGE), often championed by Musk, has seen a significant drop of 12.5% in the past 24 hours, trading around $0.18. Similarly, Trump's own cryptocurrency, $TRUMP, has plummeted by 12%, costing him approximately $900 million.
The conflict ignited when Musk publicly criticized Trump's "One Big Beautiful Bill," labeling it a "disgusting abomination." Trump retaliated by threatening to revoke federal contracts with Musk’s companies, impacting Tesla's electric vehicle tax credits. Musk further escalated tensions by referencing Trump’s potential links to Jeffrey Epstein and supporting calls for Trump’s impeachment.
This clash has not only strained their previously amicable relationship but also contributed to volatility in the crypto market, particularly affecting meme coins associated with both figures. Investors are now grappling with the implications of this political drama on their portfolios.
💬 **What are your thoughts on this feud and its impact on the crypto market? Share your insights below.**