The high-profile fallout between Donald Trump and Elon Musk in June 2025 has sent shockwaves through both the cryptocurrency and traditional financial sectors. What began as an unlikely alliance has devolved into a public feud, triggering policy uncertainty and spooking investors.
$DOGE Tumbles: Dogecoin plunged 10% in a single day, down 22% for the week amid Elon-related turbulence.
Trump Memecoins Dip: Tokens linked to Trump, including $TRUMP and $MELANIA, saw notable declines.
Market-wide Liquidations: A “risk-off” mood dominated crypto markets, with over 150,000 liquidations reported.
Tesla Takes a Hit: Tesla shares slid 14%, driven by Trump’s threat to roll back EV subsidies and mandates.
DWAC Declines: Digital World Acquisition Corp (DWAC), associated with Trump’s Truth Social, fell 8% amid growing uncertainty.
This clash has redefined investor sentiment and added a new layer of unpredictability to an already fragile market environment.
