Trump and Musk fuel memecoin excitement as KBBB witnesses surge to $53 million market capitalization
A heated feud between the tech titan Elon Musk and the former president Donald Trump spawned the memecoin sensation known as Kill Big Beautiful Bill (KBBB), reaching a mind-blowing market cap of over $53 million in just nine hours.
The long-simmering feud between these influential figures reached its peak when Musk, in a classic Musk move, took to Twitter to publicly denounce Trump's new "One Big Beautiful Bill" legislation, accusing it of reversing the progress made by the Department of Government Efficiency (D.O.G.E.). Musk didn't hold back, calling the legislation a "disgusting, massive, outrageous, pork-filled abomination."
The Big Beautiful Bill, at the center of this dramatic clash, was passed by the House last month and is touted by the Trump administration as a sweeping reform package intended to stimulate economic growth. However, the Congressional Budget Office disagrees, estimating that it could add $2.4 trillion to the national deficit over the next decade.
Within hours of Musk's tweet, memecoin traders on Solana seized the opportunity and launched KBBB. The coin, facing a temporary 30% correction, currently hovers around a market cap of $36.73 million. A wave of Musk-themed memecoins emerged overnight on Solana-based DEXs, with top performers like MUSK DOGE, X ELON, PEDO FILES, and ELON'S LAST STAND crossing multi-million-dollar market caps.
Interestingly, Trump-themed memecoins, including TRUMP420 and BIG BILL 2025, have also gained traction, escalating the feud into a full-blown memecoin arms race.
Things got even more heated when Musk suggested that Trump had ties to Jeffrey Epstein, implying that this connection was the real reason Epstein's documents remained sealed. Musk has also supported calls for Trump's impeachment during his late-night tirade.
Reacting to the accusations, Trump said he was "deeply disappointed" in Musk, claiming he had "done more for that guy than anyone else." Trump also suggested that Musk's outrage was driven by the bill's plan to phase out EV subsidies, a move that could significantly impact Tesla.
In response to the political skirmishes, Dogecoin, Musk's long-time favorite, fell over 9%, while Tesla dropped 15%. Even Trump-themed coins took a hit on Wednesday, with Trump's official meme token, Official Trump, dipping over 10%. Others, such as MAGA and MAGA Hat, also slipped by 6.4% and 5.5%, with the broader PolitiFi market seeing a 10% drop in response.
Kill Big Beautiful Bill (KBBB) represents an intriguing intersection of cryptocurrency, politics, and social media influence, reflecting how quickly meme coins can emerge and gain traction in response to current events.
- Elon Musk, in a strong criticism, labeled Donald Trump's "One Big Beautiful Bill" legislation as a massive, pork-filled abomination, sparking the creation of a new memecoin, Kill Big Beautiful Bill (KBBB), on the Solana platform.
- The feud between Musk and Trump has led to a memecoin arms race, with KBBB, MUSK DOGE, X ELON, PEDO FILES, and ELON'S LAST STAND gaining significant market caps on Solana-based DEXs.
- On the other hand, Trump-themed memecoins, including TRUMP420 and BIG BILL 2025, have also seen a surge in popularity, illustrating the heated exchange between the two figures.
- The political confrontation between Musk and Trump has had a direct impact on the crypto market, causing Dogecoin, Musk's long-time favorite, to drop over 9%, while Tesla fell by 15%.
- Trump-themed coins, such as Official Trump, MAGA, and MAGA Hat, also took a hit due to the political skirmishes, with Official Trump dipping over 10%, MAGA by 6.4%, and MAGA Hat by 5.5%.
- The broader PolitiFi market saw a 10% drop in response to the political skirmishes, demonstrating the intersection of cryptocurrency, politics, and social media influence.
- The emergence of KBBB reflects how quickly meme coins can appear and gain traction in response to current events and the influence of key figures in technology, entertainment, politics, and general news.