Blockchair's logo

Elon-Trump Feud and Wallet Lawsuit Send $TRUMP Plunging – What’s Next for the Token? Cryptonomist 06 Jun 2025

Elon-Trump Feud and Wallet Lawsuit Send $TRUMP Plunging – What’s Next for the Token? 📉

The cryptocurrency market experienced a notable downturn today, with an overall decline of over 3.5% as meme coins faced a sharper drop of more than 9%. Major cryptocurrencies like Bitcoin and Ethereum saw prices of $101K and $2,400 respectively. However, the focus is currently on the OFFICIAL TRUMP (TRUMP) meme coin due to its struggles.

The challenges for the TRUMP token include a public dispute involving Elon Musk and Donald Trump, paired with a wallet lawsuit impacting its perceived stability.

Source: en.cryptonomist.ch ↗