Crypto Chaos: Musk–Trump Drama Hits Dogecoin, Sparks Viral Kori Memecoin Frenzy
Disclosure: This article is for informational purposes only and should not be considered investment advice.
Crypto markets are making headlines as the Elon Musk–Donald Trump fallout escalates, shaking investor confidence and sending shockwaves across popular tokens. The main keyword, “crypto chaos,” perfectly captures the current turmoil linking major personalities, market moves, and a surging new memecoin.
The public spat between Musk and Trump hit new extremes this week as allegations and celebrity feuds grabbed the global spotlight. After Musk’s high-profile exit from government advisory roles and his recent claims tying the President’s name to controversial legal files, Tesla stock nosedived. The aftershocks quickly rippled into the world of digital assets, where Musk has long served as a major influencer—especially for the Dogecoin community.
[Trending today: Musk-Trump fallout, DOGE dip and new viral memecoin Kori – 1]
Dogecoin (DOGE), widely seen as the flagship memecoin, sustained a substantial 6% dip in just 24 hours and over 13% loss in the past week, trading at $0.1770. This slide comes as traders weigh Musk’s influence and broader market sentiment. Despite the turbulence, some experts see a potential breakout if DOGE can defend its crucial $0.18 support level—setting the stage for a possible rally to $0.31, $0.45, or even $1.
For a closer look at market factors currently impacting altcoin traders, check out our guide to cryptocurrency trading for beginners.
[Trending today: Musk-Trump fallout, DOGE dip and new viral memecoin Kori – 2]
While established memecoins like DOGE face headwinds, the spotlight has dramatically shifted to a fresh contender: Kori. This Solana-based token is inspired by an adorable viral dog whose wholesome clips have amassed 1 billion views and 1.7 million followers on TikTok. Kori’s heartwarming content has fueled a community—and now, a new memecoin with serious growth potential.
Kori stands apart from previous dog coins for its official endorsement from the Kori team itself. The contract address is publicly displayed on the viral TikTok account, underscoring an unusual level of authenticity and transparency in a sector often beset by “copycat” projects.
Since launching a few weeks ago, the KORI token soared over 700%, reaching a $9 million market cap, backed by more than 3,000 holders and growing international media attention. The memecoin movement on Solana isn’t slowing down—see how launchpads and developer innovations are changing the game in our feature on Solana memecoin launches. As for whether Kori will join Dogecoin or Shiba Inu in the pantheon of iconic coins, market watchers remain eager but cautious.
Expert insights suggest the trend toward authentic, community-backed projects could set a new gold standard for memecoins. This may benefit both everyday traders and the broader crypto ecosystem, which is increasingly seeking tokens rooted in real engagement and transparency.
Curious about the impact of celebrity news and political drama on the digital economy? Explore our deep dive into how viral events shape crypto markets and investor strategy.
Disclosure: Always conduct your own research and consult with a financial advisor before making investment decisions.