(AGENPARL) – Fri 06 June 2025 For Immediate Release
Contact: Diana Paluteder
128 City Road, London
United Kingdom
EC1V 2NX
** Official Trump is biggest loser in crypto top 100 amid Musk feud
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June 6, 2025 — London — The Official Trump (TRUMP) token has become the biggest loser among the top 100 cryptocurrencies by market cap, as a high-profile feud between U.S. President Donald Trump and Elon Musk spills over into the crypto market.
Trading activity surged alongside the decline, with 24-hour volume jumping 211.9% to $876.85 million, as traders reacted to escalating public clashes between Trump and Musk.
The spat began after Musk criticized one of Trump’s key tax and spending bills. Trump responded by calling Musk “ungrateful,” prompting a sharp reaction from Musk. The drama quickly rippled into markets.
Meanwhile, Dogecoin (DOGE), a token long championed by Musk, also saw losses, down 7.27% in 24 hours, with volume surging nearly 150% to $2 billion.
“The sharp moves in TRUMP and DOGE demonstrate just how quickly political drama can move markets, especially when tied to cryptocurrencies with strong narrative-driven communities,” commented Jordan Major, author of the Finbold research. “As crypto markets mature, we’re seeing them become more sensitive to real-world political headlines, and this latest episode is a prime example of that dynamic in action.”
With tensions between the two billionaires still playing out online, market watchers expect further volatility in the days ahead.
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