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Trump-Musk feud sparks memecoin boom
ByFinaGuru
Sunday, Jun 8, 2025 1:44 pm ET1min read
The feud between Donald Trump and Elon Musk has triggered a surge in memecoin trading, particularly affecting Solana-based tokens. Tokens like "Official Trump" and "Official Musk" have seen significant increases in trading volumes, drawing liquidity into speculative assets. The influx of capital has created unprecedented volatility, with some investors capitalizing on short-term price swings. Established meme cryptocurrencies like Dogecoin have experienced price declines, while Bitcoin has maintained its position as a stable store of value. Analysts warn that the rapid escalation in memecoin trading may attract regulatory scrutiny. Investors should exercise caution when engaging with speculative assets.
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