Official Trump and Dogecoin Sag After Musk Epstein Rant About the President
Elon Musk alleged that President Trump is mentioned in files related to Jeffrey Epstein, a convicted child sex offender. This claim led to a decline in the prices of the Official Trump token and Dogecoin, both among the worst-performing cryptocurrencies of the day. Musk's assertion suggests that the full Epstein files have not been disclosed due to Trump's involvement. Dogecoin dropped 6.4% to $0.1788, while the Official Trump token fell 10% to $9.66. The fallout between Musk and Trump has resulted in a surge of new meme coins, with notable fluctuations in their market caps. The President Vs Elon meme coin initially rose to an $8 million market cap before plummeting, while other tokens related to the controversy also experienced significant volatility. The Kill Big Beautiful Bill token saw a dramatic increase following Musk's allegations, peaking at $54.4 million before declining.
