Trump Token Tumbles Amid Feud with Musk

Friday, Jun 6, 2025 7:48 am ET1min read
The Official Trump token has plummeted to the bottom of the top 100 cryptocurrencies by market capitalization, losing $233 million in value over the past 24 hours. The decline is attributed to the public feud between Donald Trump and Elon Musk, which has spilled over into the crypto markets. Dogecoin, a cryptocurrency championed by Musk, has also seen a 7.1% decline in the same period.