TRUMP token drops 11% amid clash with Elon Musk
Amid a heated exchange between Donald Trump and Elon Musk, meme coin platform Pump.fun has stepped into the fray—offering support for an official Musk token to challenge Trump’s token in a crypto showdown.
“Trump already has a coin, which means you now have a chance to do the funniest thing possible. This is the only time we support PVP. Now’s the time,” Pump.fun wrote in a post on X, addressing Musk directly.
. @elonmusk, sorry to hear about your clash with Trump. Whilst we can't provide an opinion, we can provide a solution:
— pump.fun (@pumpdotfun) June 5, 2025
Trump already launched a coin, which means you have the opportunity to do the funniest thing ever. This is the only time we will endorse PVP.
The time is now.
Unlike Trump, Musk has no official token—though he has frequently backed DOGE and named his efficiency department after it. He has also changed his avatar to pump meme coins like Kekius Maximus and GORK.
Time for Musk to launch a token?
As Musk faces growing pressure—ranging from serious allegations, impeachment calls, and his potential plans for a new political party—the TRUMP token plummeted 11% in just a few hours, dropping to $9.59.
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Price dynamics of the TRUMP token for 24 hours. Source: CoinMarketCap
Given this backdrop, Musk may indeed consider the proposal from the popular platform to channel his conflict with Trump into a more rational, economically driven arena.
As we wrote, TRUMP wallet sparks uproar as Trump family denies involvement
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