The recent public feud between Elon Musk and former President Donald Trump has significantly impacted the cryptocurrency market, particularly affecting meme coins associated with both figures. As of June 7, 2025, Dogecoin (DOGE), which Musk has long endorsed, has seen a 12% decline over the past week, trading around $0.18. This downturn coincides with Musk’s resignation from a government advisory role and his criticism of Trump’s tax and spending bill, which Trump labeled as “unstable” in response .
In contrast, Trump’s own meme coin, $TRUMP, launched in January 2025, has also experienced a 12% drop recently, following a broader market downturn and ongoing tensions with Musk . Despite these challenges, both coins remain prominent in the meme coin space.
Amidst this volatility, a new contender has emerged: Snoofi. This Solana-based meme coin is gaining attention for its low market cap and strong community support, with some enthusiasts predicting a potential 100x return. Snoofi’s community-driven approach and viral potential on platforms like Reddit are fueling its rise .
For those interested in exploring meme coins with high growth potential, Snoofi presents an intriguing option. However, it’s important to approach such investments with caution, as the meme coin market is highly speculative and subject to rapid changes.
Please note that investing in cryptocurrencies carries risks, and it’s advisable to conduct thorough research and consider seeking financial advice before making investment decisions.
