Musk-Trump fallout, DOGE dip and new viral memecoin Kori

Musk vs. Trump feud escalates with Epstein claims as Tesla stock plunges and public drama dominates headlines.

As the Elon Musk-Donal Trump drama gets messier by the second, spectators are pulling out their popcorn bags. This public feud has turned out to be the proverbial “car crash” that people can’t look away from. 

What began with Musk exiting the Department of Government Efficiency following disagreements with Trump has now escalated to a full-fledged mudslinging with Musk even stating that the U.S. President’s name is on the infamous Epstein files. This is a serious accusation. President Trump, however, has not responded to these allegations, instead stating that Musk’s anger is a result of not having the policies he wanted in the One Big Beautiful Bill. Meanwhile, Tesla stocks have come crashing down.

Beyond the obvious entertainment value, how does the Musk-Trump fallout affect the crypto space? Elon Musk, over the past few years, has become the face of Dogecoin. Therefore, it’s no surprise that DOGE is suffering the brunt of the fallout. Priced at $0.1770, DOGE has recorded a 6% drop in the past 24 hours, and has suffered a 13% plunge in the past week.

However, the recent drama has not dissuaded traders as DOGE eyes a major move as its support near $0.18 holds. According to analysts, a break out of its current rut could spark a rally toward $0.31, $0.45, or even $1.

While DOGE struggles in the market, a new dog memecoin seems to have drawn public interest. Dog memecoins are not new in crypto, in fact, these might be the most common variety of memecoins out there, with frogs being a close second. Yet, it can also be argued that despite the saturation of cute dog coins, there’s always a want for more. Amid this welcoming market, a new memecoin has entered the space: Kori. 

Kori the dog, like its predecessor, the inspiration behind the Shiba Inu memes, is an adorable little mutt that blew up on TikTok with silly antics and wholesome charm. Kori’s cute demeanor and feel-good memes put a smile on even the grumpiest faces. With over 1 billion views on TikTok and 1.7m followers, Kori has stolen hearts. And now this lovable little pup has become the icon of an up-and-coming Solana-based memecoin.

What’s most interesting about the Kori memecoin is that this new project is directly endorsed by the real team behind the Kori dog. The official Kori TikTok page has added the KORI memecoin’s contract address in its bio. This move is an industry first and is reflective of a new era of authentic meme-backed tokens.

Since its launch only a few weeks ago, KORI has surged over 700%, hitting $9m in market cap. Driven by the support from over 3k holders and coverage in Russian media and crypto news outlets, KORI is seeing explosive growth. As to whether this memecoin will reach the heights of Shiba Inu or Dogecoin, only time will tell.