A public fallout between Elon Musk and former U.S. President Donald Trump has triggered a significant sell-off in MEME cryptocurrencies. Dogecoin (DOGE) dropped 6.4% to $0.1788 within 24 hours, ranking as the seventh worst performer among the top 100 cryptocurrencies by market capitalization. Meanwhile, the TRUMP token plunged 10% to $9.66, making it the second largest token by market value to experience such a decline. This incident highlights the volatile impact of celebrity influence on the MEME coin market.