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TRUMP meme coin and Trump Media shares collapsed amid Trump's confrontation with Musk

Kyiv • UNN

June 6 2025, 09:17 AM • 2730 views

Trump Media shares fell by 8% and Trump Coin by 12% after a public dispute between Donald Trump and Elon Musk. The conflict has led to significant losses for investors.

TRUMP meme coin and Trump Media shares collapsed amid Trump's confrontation with Musk

The memecoin Trump Coin (TRUMP) and shares of Trump Media fell amid a public confrontation between billionaire Elon Musk and US President Donald Trump, The Wall Street Journal reports, UNN writes.

Details

On Thursday, the publication notes, not only investments related to Elon Musk suffered.

Shares of Trump Media & Technology Group, the parent company of Truth Social, a controlling stake in which is owned by the US President, fell 8% on Thursday, continuing the fall, amid Trump and Musk arguing online during the day.

Meanwhile, Trump Coin, a memecoin backed by the US president, fell 12% in daily trading.

Addition

On Thursday, June 5, shares of Tesla fell by 150 billion dollars due to a public dispute between US President Donald Trump and billionaire, CEO of the electric car manufacturer Elon Musk.

The wealth of billionaire Elon Musk decreased by $34 billion in one day - Bloomberg 06.06.25, 11:50 • 2778 views

Julia Shramko

Economy News of the World

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