The cryptocurrency market faces a steep drop today, with prices down over 3.5% across the board. Meme coins are taking an even harder hit, falling more than 9%. Bitcoin trades at $101K, while Ethereum holds at $2,400.
Still, the spotlight has shifted to the OFFICIAL TRUMP (TRUMP) meme coin, which struggles amid a public clash between Donald Trump and Elon Musk and rising legal pressure.
Source – 99Bitcoins YouTube Channel
OFFICIAL TRUMP Price Prediction
The $TRUMP meme coin dropped more than 10% today, continuing its downward trend after an 18% weekly loss. It also remains 10% lower on the month.
The ongoing feud between Trump and Musk appears to drive much of the turmoil. Musk claimed Trump wouldn’t have won the 2024 election without his help, triggering a heated exchange between the two that rattled the crypto space.
Legal trouble has now added to the $TRUMP ecosystem’s problems. World Liberty Finance—a Trump-affiliated group—issued a cease-and-desist order to Fight Fight Fight LLC, the team behind the $TRUMP meme coin.
The conflict revolves around the recently announced “TRUMP Wallet,” which Fight Fight Fight claimed would support the $TRUMP coin and let users manage digital assets with a pro-Trump theme.
The Trump camp reportedly didn’t expect this move, especially since the project partnered with Magic Eden, a popular NFT marketplace that also received a cease-and-desist order. With legal threats intensifying and accusations piling up, the TRUMP Wallet launch now faces delays—or even cancellation.
Meanwhile, the official TRUMP account on X (formerly Twitter) has gone quiet. Its last post on June 3 promoted the TRUMP Wallet and teased a $1 million reward pool for users who joined the FREE waitlist at trumpwallet.com. Since then, the team hasn’t provided any updates about the wallet’s future.
Amid the chaos, NFT holders from the “Dinner with Trump” campaign have started receiving their promised TRUMP NFTs. Minted on the Solana blockchain, the NFTs are now being marketed as “historic collector’s items” tied to Trump’s identity as the “crypto president.”
As tensions escalate, Elon Musk has become a surprise center of attention. Social media buzz has shifted in his favor, with growing calls for him to launch a rival cryptocurrency. A new meme coin called MUSK has already begun trending, further igniting speculation.
The $TRUMP community appears shaken. Internal conflict and public drama continue to undermine the project’s earlier momentum. While the future of the token remains uncertain, the spotlight hasn’t moved—and the market continues to watch closely.
New SOL Meme Coin to Watch in 2025: Solaxy (SOLX)
Solaxy is the first Layer 2 blockchain built on Solana. It helps fix problems like slow speeds, failed transactions, and too much traffic on the Solana network.
Solaxy also makes things faster, easier to use, and more efficient. The team already launched tools like a block explorer and a bridge to move tokens between networks.
Recently, the team shared a new developer update and opened the Solaxy testnet. This marked the first chance for users to directly interact with Solana’s Layer 2.
Early users can now move SOL from the Solana Devnet to Solaxy using bridge.solaxy.io, send assets across the network, deploy smart contracts with Solana’s current tools, and track everything through the Solaxy Explorer.
Two new features are coming soon: Igniter Protocol and Solaxy DEX. Igniter will help launch new tokens, and the DEX will let people trade them quickly after launch. These tools will make it easy to go from creating a token to trading it.
The testnet lets builders and traders test apps and bots in real time. The wider crypto world can already see that Solaxy works and is getting ready for full launch.
Source – Solaxy Twitter
Right now, the presale is live with a price of $0.001746. It has raised over $44.6 million. There are only 10 days left. People can buy $SOLX using SOL, ETH, BNB, USDT, or a bank card at the official Solaxy site. Use the correct link to avoid fake sites.
The Best Wallet app supports Solaxy and is becoming popular with early users. It keeps assets safe and private, with no ID checks. People can also stake $SOLX and earn 90% APY to grow their tokens.
Visit Solaxy
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.