Mask Network (MASK) is one of the unlikely casualties of the very public and very personal fallout between President Donald Trump and Elon Musk.
The crypto-friendly power duo’s digital bromance once fueled a wave of politically aligned meme coins. Now, amid bitter recriminations and threats flying between the two billionaires, retail traders appear to be exiting the ecosystem, and MASK is feeling the heat.
Mask Network (MASK) is one of 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 internet, the bromance fallout has MASK token holders on a selling spree.
After a month-long rally, the MASK token price started dipping earlier in the week. The crash coincided with when Trump and Musk’s bromance break-up started coming out.
Where is the man who wrote these words?Was he replaced by a body double!? https://t.co/N4Mliip5U4
— Elon Musk (@elonmusk) June 5, 2025
Specifically, on June 5, when simmering tension between President Donald Trump and Elon Musk exploded into a public brawl of personal attacks and financial threats, the MASK token topped out at $0.02853. The next 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 trader @Elizabethofyou.
According to analysts, crypto markets are reeling from dampened retail interest. As of this writing, the MASK token was trading for $1.86, with CoinGecko showing a 33.7% drop in the last 24 hours.
MASK is not the only token caught in the crossfire. According to GeckoTerminal, the Kill Big Beautiful Bill (KBBB) token dropped 67%, while MUSK (Official Musk) crashed nearly 90%.
Even AP (American Party), a recent meme coin launched to rally conservative support, is down 80%.
Analysts say the price drop has less to do with MASK fundamentals and more with meme-fueled speculation 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 strong GeckoTerminal score reflects the project’s healthy on-chain fundamentals. However, this has not stopped panic selling as political sentiment flips.
Indeed, data from multiple token trackers shows retail volume flooding out of politically themed tokens across the board.
So, what is next for the MASK token amid the Trump and Musk fallout?
Originally designed as a tool for bringing Web3 functionality to traditional social networks, the token is now caught in a narrative outside its control.
Its token was never explicitly tied to Trump or Musk, but retail traders treat it as guilty by association.
This highlights how the Trump-Musk drama, which dominates headlines, overshadows serious DeFi innovation in favor of personal vendettas.
Analysts warn that volatility could persist unless the project pivots to its core utility narrative or shakes off the speculative crowd.
However, with fundamentals still strong, some traders remain bullish on MASK.
Why I’m now even MORE bullish on $MASK after the recent dip…NFA pic.twitter.com/29ApJAOrEP
— Matt Lorion (@mattlorion_) June 7, 2025
Meanwhile, a brief analysis shows the MASK token price was trading within a demand zone between $0.01786 and $0.01447 at press time.
In crypto trading, a demand zone is a price area where buying interest is strong enough to prevent the price from falling further. This buyer congestion zone often leads to a price bounce or upward reversal.
Indeed, historical patterns show that the MASK token price usually tests this zone and bounces back up. The Relative Strength Index (RSI) supports this outlook, climbing to show growing momentum.
However, to confirm an uptrend, the Mask Network price must also overcome resistance due to the supply zone between $0.02371 and $0.02608.
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