What began as a political disagreement has quickly transformed into a crypto trading frenzy. Elon Musk and Donald Trump are at odds over a new government bill, and the fallout has sent ripples across the memecoin market. Traders moved fast, creating dozens of new tokens inspired by the feud, with one coin, KILL BIG BEAUTIFUL BILL (KBBB), reaching a $62 million market cap in under 10 hours. The market activity shows how social and political drama can ignite sharp surges in speculative crypto assets.
Musk Rejects Trump’s Economic Reform Bill
The tension started when Elon Musk criticized Trump’s proposed “One Big Beautiful Bill.” The bill includes tax cuts, military spending increases, and welfare reductions.
It more than defeats all the cost savings achieved by the @DOGE team at great personal cost and risk
— Elon Musk (@elonmusk) June 4, 2025
Musk opposed the legislation, calling it a “pork-filled abomination” that damages previous cost-cutting reforms. These reforms were introduced through the Department of Government Efficiency (D.O.G.E.), a Trump-endorsed program that Musk once led.
According to Musk, the D.O.G.E. initiative had already saved $180 billion. He claims the new bill threatens to undo those savings. The Congressional Budget Office estimated that the bill could increase the national deficit by $2.4 trillion within 10 years.
Musk posted his concerns on X, warning followers about the potential economic strain. He also expressed frustration about the removal of certain electric vehicle subsidies that could affect Tesla.
KBBB Memecoin Surges as Traders React
Soon after Musk’s post, Solana-based traders launched a new memecoin named KILL BIG BEAUTIFUL BILL (KBBB). It quickly gained attention on Pump.fun and reached a market cap of $62.57 million in just nine hours.
The coin’s value dropped by 30% shortly afterward, settling around $36.73 million. Despite the correction, KBBB remained one of the top trending tokens within 24 hours of launch.
Other memecoins also surfaced on decentralized exchanges, drawing inspiration from the ongoing feud. Examples include MUSK DOGE, X ELON, ELON’S LAST STAND, and PEDO FILES.
Many of these tokens have reached multi-million-dollar caps, reflecting heightened trader interest in political-themed tokens. Trump-themed tokens such as TRUMP420 and BIG BILL 2025 also saw gains amid the news.
Fallout Extends to Financial Markets and Crypto Tokens
Musk boosted the conflict by also mentioning possible ties Trump may share with Jeffrey Epstein. According to Maxwell, the secret documents include Trump’s name, so the cases have yet to be unsealed.
Trump replied to those reports by stating, “I have done more for that guy than anyone else.” He suggested Musk’s criticism is linked to the bill’s phase-out of electric vehicle incentives.
Following the public fallout, Trump confirmed the end of their political alliance. He indicated in a statement that Musk is no longer part of his inner circle.
The clash impacted related crypto assets. Dogecoin dropped over 9%, while Trump-themed tokens saw losses of up to 10%. Tesla shares also fell 15% as concerns grew about Musk’s political engagement.
Memecoin Volatility Highlights Trading Risks
Some crypto tools like CoinMarketCap and Messari spotted the fast moves made by KBBB and other related tokens. The rise of memecoins caused PolitiFi’s market value to fall by 10%.
Analysts have noticed that these memecoins are very volatile and could lead to financial risk. Most of these assets move mainly because of how people feel rather than real financial reasons.
Musk and Trump’s disagreement makes it clear that political news can affect the crypto market very swiftly. People dealing with highly volatile assets should be careful and manage risks well.
Investing in memecoins can help you get quick earnings, but the market can correct sharply too. You ought to remain cautious, check research and monitor risk while trading.
