Within just 24 hours, a public spit was sent between US President Donald Trump and Technology billionaire Illon Musk shocking waves through encryption markets.
Trump’s official Trump code (Trump) lost $ 233 million in market value. Follow Dogecoin (Dog). Their hostility, which started this week when Musk criticized the Trump tax and the Police of spending the spending law, turned into a broader story about how political drama can affect digital assets.
Political rift legitimizes encryption fluctuations
On June 5, 2025, Elon Musk moved to X (previously on Twitter) to collide with one of the spending proposals in Trump. Trump Respond Later on the same day, MUSK called as “disappointing” and suggesting “their great relationship” has ended.
On May 23, Musk fired, accusing Trump of “Ingratation” and claimed that without him, Trump was “would lose the elections.”
Within hours, merchants convert positions. The official market value of Trump Taken has decreased from $ 2.168 billion to $ 1.935 billion – by 11 percent of the swing that eradicates $ 233 million, according to Coinmarketcap data.
Trump’s price fell from $ 10.83 to $ 9.66, a decrease in 10.74 percent and a weekly decrease by 15.58 percent. Trading volume increased to 876.85 million dollars, an increase of 211.87 percent in 24 hours.
Mimi currencies under pressure
Dukwin also felt in Musk also the repercussions. Dog has decreased by 7.1 percent in the same range 24 hours. The size of Dog jumped to approximately $ 2 billion, an increase of 149.75 percent, for all Coinmarketca data. The increase in trading activity indicates a reaction to the musk jadda.
Each of the eyelashes explains how the origins “driven by the narration” can be. Trump and Doug, who was amazing by the noise on social media and celebrity approvals, is still vulnerable to sudden shifts in feelings.
These two symbols are ranked among the worst performance in the 100 best encrypted currencies, depending on the market value.
Mega Hats: More than just coins
Trump’s hostility -your mosa was limited to its effects on Trump and Doug. Many large codes witnessed silent but noticeable movements on May 23. Cardano (ADA) decreased by 2.3 percent.
Solana (SOL) fell 1.8 percent. ETHEREUM (ETH) lost 1.2 percent. Trading volumes of these heroes increased between 15 and 40 percent, indicating that merchants or balance against sudden narrative transformation.
Meanwhile, MegacAP assets such as Bitcoin (BTC) and ETHEREUM – which together represent more than 60 percent of the total market capital – slight fluctuations but maintained upward tracks.
Currently, merchants are closely seen newspaper headlines. Each tweet from Trump or Musk has an immediate impact on the market. The official Trump code was traded at $ 9.66 – 10.74 percent for this day – while Dogkin hovers at $ 0.317, at 7.1 percent. These moves emphasize how realistic policy can be assessments on the chain in minutes.