What was once the beginning of what many thought could have been one of the best relationships, a legendary friendship even, has now bitten the dust.
The outlandish level of support that Elon Musk once gave Trump, which many onlookers viewed as childish, has boiled down to an epic feud involving all kinds of bad words coming from both parties.
“Elon is not mentally stable,” said President Trump, following Elon Musk’s remark on X that Donald Trump’s name is inside the infamous Epstein Files.
This feud has now poured into the cryptocurrency space, leading to $170 billion being wiped out from the cryptocurrency market. This has led many to ask the question: is it the right time to find the best crypto to buy now?
Friendship Turned Sour – Billionaire vs Billionaire Politician Saga
It all began with the “One Big Beautiful Act,” a comprehensive legislative package that Donald Trump introduced with House Republicans this year.
The bill includes tax reforms, new tax exemptions, State and Local Tax (SALT) deductions, healthcare and social programs, and even a Supplemental Nutrition Assistance Program (SNAP).
However, the inclusion of the reduction of clean energy incentives, a part of the Inflation Reduction Act, is where Elon and Trump went head-to-head.
Elon Musk, whose claim to fame before X and SpaceX was Tesla, will obviously feel the brunt of this bill. The Tesla founder, who had already distanced himself from DOGE, an initiative that he himself designed, is not happy about it. He has called it a “disgusting abomination,” something that could add an additional $2 trillion deficit to a country already reeling under a multi-trillion dollar debt.
Donald Trump isn’t budging either, expressing his frustration over Elon Musk’s criticism of the bill, going as far as threatening to revoke federal contracts awarded to Musk’s companies.
“Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,” wrote Elon on X to express his seething rage. The war of words continued with Elon Musk sharing a tweet of an old video featuring Trump, a bunch of models, and of course, Jeffrey Epstein.
https://t.co/DTdfJWydLS
— Elon Musk (@elonmusk) June 5, 2025
$170 Billion Wiped out Within 24 Hours
Since both Elon Musk and Donald Trump are, in more ways than one, deeply entrenched in the cryptocurrency market, $170 billion was wiped out from the cryptocurrency space.
Bitcoin dropped below the $100K mark for a moment, trading around the $94.5K level, which is the first time the world’s largest crypto has fallen into five-digit territory in a month. While the Bitcoin price has since risen above the $103K level due to a panic rally setting in, the short-term crash still made a major impact.
Ethereum also saw a decline of over 7%, reaching close to $2.4K, followed by Dogecoin, which crashed by 9%, as Elon Musk distancing himself from the Department of Government Efficiency is seen as distancing himself from the token.
The drop in these three major cryptocurrencies led to an overall decrease of approximately 6%, equivalent to $170 billion.
The Fear and Greed Index has shifted from greed to neutral territory. And while there has been some recovery recently, it isn’t happening fast enough to recapture the recent highs.
Is it the Right Time to Find the Best Crypto to Buy Now?
Whenever there is a big tussle between titans, the market moves. And while existing high-cap cryptos are volatile, people looking for safer investment options can look at presales as smart investment picks.
BTC Bull
Bitcoin has pulled back from its all-time high and is now trading just above the $103K mark. While BTC isn’t looking like the best bet right now, similar cryptos with unique mechanics are.
One of them is BTC Bull, which has leveraged the speculative aspects of the meme coin market and its indirect relationship with Bitcoin to get an engagement boost across social media.
BTC Bull has established strong mechanics including token burns and Bitcoin airdrops to elevate itself from standard meme coins on the market.
It doesn’t hide the fact that it is a standard meme coin, and that focus has made it an unconventionally honest cryptocurrency, fit for those looking for short-term gains.
Additionally, the memetic approach of this crypto is also one to focus on, since the imagery it portrays focuses not only on spreading positivity around Bitcoin, but also on making quips about the current market conditions.
Bitcoin Hyper
Bitcoin’s current state can also be attributed to the fact that it continues to be only a speculative asset with little to no conventional utility. Since its architecture is to blame, Bitcoin Hyper is a project that emerged to make Bitcoin better through a unique L2-based ecosystem.
Developed on the Solana Virtual Machine, Bitcoin Hyper aims to make Bitcoin faster, more scalable, and more diverse.
The Pepe-driven themes added to this make Bitcoin Hyper a strong meme coin as well — one which has already made waves, raising upwards of $520K to date.
The project has already made its way to the channels of top crypto analysts, including Alessandro De Crypto, who has shown excitement for this project’s unique mission.
Snorter
The Trump–Elon fallout makes now the right opportunity to invest in a Solana-based meme coin, despite Official Trump recently losing $100 million in value. This is due to the emergence of new tokens that are tapping into the evolving narrative.
But quickly finding these tokens matters, and that’s where Snorter steps in to help.
A meme coin project with strong imagery and a Telegram-based underlying utility, Snorter is an AI-driven crypto sniping tool designed to find and invest in the best Solana-based meme coins as they emerge on the market.
Additional protection tools like MEV protection, honeypot detection, and rugpull protection are also built into its ecosystem, which further enhance Snorter’s value proposition beyond traditional hype-only meme coins.
Furthermore, being available on presale makes it a safer bet compared to meme coins currently facing turmoil in the market.
Conclusion
The Elon vs. Trump feud seems to have no expiry date, at least for now, which means investors should expect further volatility in the market.
Therefore, the best play right now is to pull back from the cryptos currently available on exchanges and focus energy on the best crypto to buy now among crypto ICOs.
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