MASK price drops 40% as Trump-Elon Musk feud worsens retail investor sentiment

Mask Network (MASK) is one of the unexpected victims of the public and personal conflict between President Donald Trump and Elon Musk.

The close relationship between these two crypto-supporting celebrities once fueled a wave of politically-oriented meme coins. Now, amid bitter criticisms and threats between the two billionaires, small investors seem to be leaving the ecosystem, and MASK is feeling the heat.

Consequences of Trump and Musk Affecting MASK Price

Mask Network (MASK) is one of the unexpected losers, impacted by the conflict between President Donald Trump and Elon Musk.

As the public and not-so-pleasant breakup between Trump and Musk spread across the internet, this breakdown caused MASK token holders to panic sell.

After a month of price increases, the MASK token price began to decline at the beginning of the week. This decline coincided with the time when the Trump-Musk breakup began to become public.

Specifically, on 05/06/2025, when tensions between President Donald Trump and Elon Musk erupted into a public battle with personal attacks and financial threats, the MASK token price peaked at $0.02853. The next day, it dropped 45% to $0.01560.

"I caught this MASK collapse, I'm taking back everything that's mine! In half a day, it dropped from 2.9 to 1.8, a 30% decrease," said trader @Elizabethofyou.

According to analysts, the cryptocurrency market is wavering due to declining small investor interest. At the time of writing, the MASK token is trading at $1.86, with CoinGecko showing a 33.7% drop in the past 24 hours.

MASK is not the only token affected. According to GeckoTerminal, the Kill Big Beautiful Bill (KBBB) token dropped 67%, while MUSK (Official Musk) collapsed nearly 90%.

Even AP (American Party), a newly launched meme coin calling for conservative support, also dropped 80%.

Collapse Psychology After Political Meme Coins Plummet

Analysts suggest that this price decline is less related to MASK's fundamental factors and more due to speculative meme decline after Trump and Musk's breakup.

"MASK has been advertised everywhere and honestly, it looked very good. Using GeckoTerminal to research MASK, I noted that large investors only own about 10%, creating an even distribution... The Gecko Terminal score is also one of the strongest I've ever seen, reaching 97, indicating its safety," said analyst @TheDefiApe.

The strong score from GeckoTerminal reflects the project's on-chain fundamental factors. However, this did not prevent panic selling when political sentiment changed.

In fact, data from multiple token tracking tools shows that small investor trading volume is widely withdrawing from politically-themed tokens.

So, what will happen next to the MASK token amid the Trump-Musk conflict?

Initially designed as a tool to bring Web3 functionality to traditional social networks, the token is now caught in a story beyond its control.

Its token was never clearly associated with Trump or Musk, but small investors consider it guilty by association.

This shows how the Trump-Musk drama, which dominates headlines, overshadows serious DeFi innovations in favor of personal vendettas.

Analysts warn that volatility may continue unless the project shifts to its core utility story or eliminates speculative crowds.

However, with fundamentals still strong, some traders remain optimistic about MASK.

Meanwhile, a brief analysis shows that the MASK token price is trading in a demand zone from $0.01786 to $0.01447 at the time of writing.

In cryptocurrency trading, the demand zone is a price area where buying interest is strong enough to prevent further price decline. This buyer congestion zone often leads to price bouncing or reversal.

Indeed, historical patterns show that the MASK token price often tests this zone and bounces up. The Relative Strength Index (RSI) supports this view, increasing to show growing momentum.

However, to confirm an upward trend, the Mask Network price must also break through resistance from the supply zone between $0.02371 and $0.02608.