PANews reported on June 6 that, according to Decrypt, with Musk’s public break with U.S. President Trump, related MEME coins suffered a sharp sell-off. DOGE fell 6.4% to $0.1788 in 24 hours, making it the seventh-worst performer among the top 100 cryptocurrencies by market capitalization, while TRUMP plunged 10% to $9.66, making it the second-largest loser among the top 100 cryptocurrencies.
It is worth noting that Trump just had dinner with 220 major holders of TRU tokens two weeks ago, while Musk previously used the Dogecoin logo and established a department named DOGE during his tenure at the Office of Efficiency. Analysts believe that this incident once again confirms the double-edged sword effect of celebrity influence in the MEME coin market.
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