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Trump–Musk feud sparks crypto chaos: Dogecoin and TRUMP token plunge amid Epstein allegations.
6-6-2025 – A dramatic rift between US President Donald Trump and Elon Musk, the world’s wealthiest individual, erupted into public view on Thursday, sending shockwaves through cryptocurrency markets and igniting a frenzy of speculative trading.
Musk, escalating the feud, alleged that Trump is referenced in unreleased documents tied to Jeffrey Epstein, the disgraced financier convicted of child sex trafficking in 2019, following an earlier conviction in 2008 for procuring a minor for prostitution.
The fallout has battered two cryptocurrencies linked to the feuding titans. Dogecoin, long championed by Musk—who has dubbed himself the “Dogefather” and integrated it into Tesla’s merchandise payments—slumped 6.4% to $0.1788, ranking as the seventh-worst performer among the top 100 cryptocurrencies, per CoinGecko. Similarly, the Official Trump token, touted by a Newsmax article reposted by Trump as a real-time gauge of his political performance, plummeted 10% to $9.66, making it the second-biggest loser in the same group.