Mask Network (MASK) is among the unlikely casualties of the very public and really private fallout between President Donald Trump and Elon Musk.
The crypto-friendly energy duo’s digital bromance as soon as fueled a wave of politically aligned meme cash. Now, amid bitter recriminations and threats flying between the 2 billionaires, retail merchants look like exiting the ecosystem, and MASK is feeling the warmth.
Trump vs. Musk Fallout Hits MASK Price
Mask Network (MASK) is among the inadvertent losers, bearing the brunt of President Donald Trump’s fallout with Elon Musk.
As Trump and Musk’s undignified public divorce takes over the web, the bromance fallout has MASK token holders on a promoting spree.
After a month-long rally, the MASK token worth began dipping earlier within the week. The crash coincided with when Trump and Musk’s bromance break-up began popping out.
Specifically, on June 5, when simmering pressure between President Donald Trump and Elon Musk exploded right into a public brawl of private assaults and monetary threats, the MASK token topped out at $0.02853. The subsequent day, it dropped 45% to $0.01560.
“This mask crash was caught by my short again, I’m taking back everything that’s mine! In half a day, it dropped from 2.9 to 1.8, a 30% fall,” said dealer @Elizabethofyou.
According to analysts, crypto markets are reeling from dampened retail curiosity. As of this writing, the MASK token was buying and selling for $1.86, with CoinGecko showing a 33.7% drop within the final 24 hours.
MASK will not be the one token caught within the crossfire. According to GeckoTerminal, the Kill Big Beautiful Bill (KBBB) token dropped 67%, while MUSK (Official Musk) crashed practically 90%.
Even AP (American Party), a latest meme coin launched to rally conservative assist, is down 80%.
Sentiment Collapse After Political-Meme Coin Meltdown
Analysts say the worth drop has much less to do with MASK fundamentals and extra with meme-fueled hypothesis drying up following the Trump-Musk fracture.
“MASK has been being shilled around everywhere and to be honest it looks good. Using GeckoTerminal to research MASK, I’ve taken note that the top holders only own around 10%, making for a clean distribution… The Gecko Terminal score is also one of the strongest I’ve seen, sitting at 97 indicating its safety,” said analyst @TheDefiApe.
That robust GeckoTerminal rating displays the undertaking’s wholesome on-chain fundamentals. However, this has not stopped panic promoting as political sentiment flips.
Indeed, knowledge from a number of token trackers reveals retail quantity flooding out of politically themed tokens throughout the board.
So, what’s subsequent for the MASK token amid the Trump and Musk fallout?
Originally designed as a instrument for bringing Web3 performance to conventional social networks, the token is now caught in a story outdoors its management.
Its token was by no means explicitly tied to Trump or Musk, however retail merchants deal with it as responsible by affiliation.
This highlights how the Trump-Musk drama, which dominates headlines, overshadows severe DeFi innovation in favor of private vendettas.
Analysts warn that volatility may persist except the undertaking pivots to its core utility narrative or shakes off the speculative crowd.
However, with fundamentals nonetheless robust, some merchants stay bullish on MASK.
Meanwhile, a quick evaluation reveals the MASK token worth was buying and selling inside a requirement zone between $0.01786 and $0.01447 at press time.
In crypto trading, a requirement zone is a worth space the place shopping for curiosity is robust sufficient to stop the worth from falling additional. This purchaser congestion zone usually results in a worth bounce or upward reversal.
Indeed, historic patterns present that the MASK token worth normally checks this zone and bounces again up. The Relative Strength Index (RSI) helps this outlook, climbing to indicate rising momentum.
However, to substantiate an uptrend, the Mask Network worth should additionally overcome resistance as a result of provide zone between $0.02371 and $0.02608.
Disclaimer
In adherence to the Trust Project tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to offer correct, well timed data. However, readers are suggested to confirm details independently and seek the advice of with an expert earlier than making any choices based mostly on this content material. Please word that our Terms and Conditions, Privacy Policy, and Disclaimers have been up to date.
