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Trump v Musk: crypto market dives but bullish sentiment prevails

Trump v Musk: Crypto Market Dives but Bullish Sentiment Prevails for the Best Presales

Bogdan Patru
by Bogdan Patru
4 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Trump v. Musk war has sent the crypto market into a tailspin, but bullish sentiment prevails for the best presales like Solaxy ($SOLX) and Snorter Token ($SNORT).

A swift look at Coinglass shows a catastrophe we wouldn’t even wish for Ethereum: $308M eradicated overnight for Bitcoin, making for a total of $621M for the crypto market as a whole.

Bitcoin chart on CoinMarketCap

But it wasn’t only the crypto market that witnessed the destruction, as Tesla’s stocks also took a tumble, recording a staggering 14% loss in the blink of an eye.

Tesla stock loss on Nasdaq.

What Just Happened?

The feud started when Musk criticized Trump’s Big, Beautiful Bill, which impacted Musk’s $38B deals pool with the government.

Everything unfolded quite fast after that, with Musk calling the bill a ‘disgusting abomination’ and Trump firing back, threatening to terminate Musk’s government subsidies.

Musk then did the only normal thing he could do, which was to accuse Trump of being on the Epstein list.

The impact rocked the crypto world, with some suggesting the blow may throw us into a bear market. Fortunately, that doesn’t seem to be the case, except perhaps for Tesla.

The crypto market, though, is more resilient than ever, and Trump’s recent S-3 announcement confirms the show must go on

The S-3 Form filed with the SEC aims to raise $2.3B from over 50 investors, funds which ‘will be used for the Company’s creation of a Bitcoin treasury and for general corporate purposes.’

Trump Media CEO, Devin Nunes, understandably applauded the move, declaring that:

These activities will provide the Company with the capital, assets, independence, flexibility, and security we need to fulfill our goals of rapid expansion, guaranteeing a wide array of ways to access the capital markets when it’s most advantageous to do so.

—Devin Nunes, Trump Media Files S-3 Registration Statement for Previously Announced Bitcoin Treasury Deal

This means that we should expect the market to self-correct soon enough, bringing fresh eyes to some of the best presales of 2025.

1. Solaxy ($SOLX) — Solana’s Layer 2 Upgrade Bringing Higher Speeds and Lower Fees

Solaxy ($SOLX) is the Layer 2 upgrade that Solana sorely needs. The project aims to correct Solana’s core problem, network congestion, which would increase transaction speeds, reduce costs, and eliminate failed transactions.

This is possible thanks to Solaxy’s off-chain execution and parallel processing, which would result in ultra-low latency.

Solaxy presale website

The Testnet Bridge is already live, which means you can test the network’s improved speed, scale, and overall simplicity right now.

$SOLX is currently one of the most successful presales of 2025, with over $44M raised since its start and a token price of $0.001746. If you want to join in, you only have 10 days left until the presale ends and the project goes public.

Not taking the FOMO train could be mistake, given the project’s long-term potential.

Our analysts envision an end-of-the-year price for $SOLX of $0.032. This would represent a growth of 1732% based on today’s price. 2026 could see an even bigger surge, as we expect $SOLX to go up to $0.2, for an ROI of 11,354%.

You can secure your $SOLX right now to join the presale and diversify your portfolio.

2. Snorter Token ($SNORT) — A Telegram-Based Trading Bot Ready to Sniff Out Market Opportunities

Snorter Token ($SNORT) is a Telegram trading bot that sniffs market opportunities for investors, allowing you direct access to the best Solana meme coins based on their chart performance and potential.

The Snorter Bot is the response to the risky and demanding process of manual chart scanning, which can result in missed opportunities and issues like sandwich attacks and hidden sell blockers.

The Snorter Token presale website

The Snorter Bot fixes that problem thanks to its trading workflow embedded directly into Telegram.

This eliminates the need for manual scanning, as well as for multiple wallets, Remote Procedure Call (RPC) settings, and unreliable browser extensions.

$SNORT is currently a hot new presale that you can join right now, at a low token price of $0.0943.

The presale has accumulated over $472K so far, but could continue to rake it in thanks to the project’s long-term utility, as explained in the whitepaper.

Get your $SNORT today and optimize your ROI in case the project goes boom after launch.

3. Gasspass ($GASS) – Meme Coin with Matt Furie Potential, Promising Massive Market Run

Gasspass ($GASS) is on fire, with a massive 131% growth over the past 7 days

The project is based on Matt Furie’s universe, the creator of Pepe the Frog itself, which became one of the most beloved memes in history.

Gasspass website

Gasspass, the cat, is the mascot and an original Matt Furie character, part of ZOGZ, a compendium comprising 111 NFT character illustrations, released in May 2023.

With a token supply of 420B and 0% buy and sell taxes, Gasspass has the market’s attention

The community sentiment is currently 94% positive on CoinMarketCap, undoubtedly linked to $GASS’s 449% growth since its release.

How Will the Trump v. Musk War Conclude, and Could Bullish Sentiment Prevail for the Best Presales?

It’s almost impossible to predict how this will end, especially with two explosive and unpredictable figures like Trump and Musk.

But the crypto market will inevitably bounce back once everything has cooled off. When that happens, presales like Solaxy ($SOLX) and Snorter Token ($SNORT) could catch serious steam.

Don’t forget, this isn’t financial advice. Always DYOR (Do Your Own Research) and invest wisely.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Bogdan Patru

Bogdan Patru

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As a crypto writer, Bogdan’s responsibilities are split between researching and writing articles and entertaining the team with his humor bordering on the politically incorrect, an aspiring Bill Burr, if you will. Thanks to his 12+ years of writing experience in just as many fields, including tech, cybersecurity, modelling, fitness, crypto, and other topics-that-shall-not-be-named, he's become a genuine asset to the team. While his position as a senior writer at PrivacyAffairs thought him valuable lessons about the power of self-management, his entire writing career was and is an exercise in self-improvement. Now, he's ready to sink his teeth into crypto and teach people how to take control of their own money on the blockchain. With fiat as an eternally devaluing currency, Bitcoin and altcoins seem like the best-fitting alternative for Bogdan. Bogdan’s biggest professional accomplishment, aside from securing a position as a main writer for Bitcoinist, was his 5-year run as a writing manager at Blackwood Productions, where he coordinated a team of four writers. During that time, he learned the value of teamwork and that of creating a working environment that breeds efficiency, positivity, and friendship.

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