The public split between Musk and Trump led to a decline in the prices of DOGE and TRUMP tokens

ChainCatcher news, according to Decrypt, as Musk publicly breaks with President Trump, related MEME coins have experienced significant sell-offs. DOGE fell 6.4% in 24 hours to $0.1788, making it the seventh worst-performing asset among the top 100 cryptocurrencies; TRUMP plummeted 10% to $9.66, becoming the second largest token drop among the top 100 cryptocurrencies.

It is worth noting that two weeks ago, Trump dined with 220 major holders of TRUMP tokens, while Musk previously used the Dogecoin logo and established a department named DOGE during his tenure at the Office of Efficiency in Government. Analysts believe this incident once again confirms the double-edged sword effect of celebrity influence in the MEME coin market.