Elon Musk accused President Donald Trump of being mentioned in files related to Jeffrey Epstein, a convicted sex offender, triggering a decline in the values of two significant meme coins: the Official Trump token and Dogecoin. Following Musk's assertion, which he referred to as a 'big bomb', both tokens experienced substantial losses, with Dogecoin dropping by 6.4% and the Official Trump token by 10%. This public feud marks a notable shift in the previously amicable relationship between Trump and Musk, who had shared a close bond. Musk's comments came amid tensions between the two, with broader implications for the cryptocurrency market. The fallout spurred the creation of new meme tokens tied to the controversy, including a token referencing their public dispute, which saw rapid fluctuations in value, illustrating the volatile nature of crypto assets influenced by high-profile personalities.

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