According to The Kobeissi Letter, Elon Musk stated that 'Without me, Trump would have lost the election... such ingratitude,' leading to heightened discussions about political influence on financial markets. This statement has prompted crypto traders to closely monitor potential regulatory changes and volatility, as Musk’s political involvement could translate to policy shifts impacting Bitcoin, Ethereum, and altcoins. Analysts note that increased political risk may drive institutional hedging via crypto assets, especially during election cycles (Source: The Kobeissi Letter, June 5, 2025).

According to The Kobeissi Letter, Elon Musk stated that without his involvement, Trump would have lost the election, highlighting political influence dynamics. For crypto traders, Musk’s political engagement often correlates with renewed interest in digital assets, especially meme coins like Dogecoin, which historically react to Musk’s public statements. This assertion may drive short-term volatility as traders anticipate Musk’s next moves and their potential effects on crypto market sentiment (Source: The Kobeissi Letter, June 5, 2025).

According to Lookonchain, a smart whale has recently spent 10,090 stETH, equivalent to $27.5 million, to purchase 102,259 AAVE tokens within the last five hours. This strategic acquisition increases the whale's total holding to 230,192 AAVE, valued at $62.15 million. The whale has a history of successful trades, having previously earned $5.94 million betting on Trump's election victory and $8.44 million trading LINK. This transaction indicates a bullish sentiment on AAVE's future performance.