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A heated feud between Elon Musk and Donald Trump has sparked the creation of a new memecoin, KILL BIG BEAUTIFUL BILL (KBBB), which quickly reached a market cap of over $53 million. This development comes as traders capitalized on the heightened attention surrounding the conflict.

Musk Breaks Ties with Trump Over ‘Big Beautiful Bill’

The clash between Musk and Trump intensified after Musk publicly distanced himself from the Department of Government Efficiency (D.O.G.E.), a Trump-backed initiative he previously led. On Tuesday, Musk took to social media to criticize Trump’s new legislation, the “One Big Beautiful Bill,” calling it a “disgusting, massive, outrageous, pork-filled abomination.” Musk warned his followers that the bill could severely damage the country’s fiscal health.

The Big Beautiful Bill, which passed through the House last month, is being promoted by the Trump administration as a transformative economic reform package. It promises significant tax breaks, increased military spending, and reduced welfare programs, with Trump claiming it will save the nation trillions of dollars in the long run.

While White House economists argue that the benefits of the bill outweigh its costs, the Congressional Budget Office projects that it could add $2.4 trillion to the national deficit over the next decade. Musk, who claims D.O.G.E. had already saved $180 billion through aggressive budget cuts, views the bill as undoing the initiative’s achievements.

D.O.G.E., established during Trump’s early days in office, was Musk’s brainchild for reducing government waste. However, Musk now believes the bill’s excessive spending and subsidies have undermined the initiative’s mission.

Memecoins Take Center Stage

Shortly after Musk’s public criticism, memecoin enthusiasts launched KILL BIG BEAUTIFUL BILL (KBBB) on the Solana blockchain. Within nine hours, the token’s market cap skyrocketed to $53.12 million before experiencing a 30% correction to around $36.73 million.

The hype led to a surge in Musk-themed memecoins on Solana-based decentralized exchanges. Popular tokens such as MUSK DOGE, X ELON, PEDO FILES, and ELON’S LAST STAND quickly gained traction, some achieving multi-million-dollar market caps. Similarly, Trump-themed tokens, including TRUMP420 and BIG BILL 2025, have also entered the scene, turning the feud into a full-fledged memecoin frenzy.

Trump and Musk Sever Ties

The situation escalated further when Musk hinted at Trump’s alleged connections to Jeffrey Epstein. In a series of posts, Musk claimed that Trump’s name appeared in unreleased Epstein files and suggested this was the reason those documents remained sealed. Musk also supported calls for Trump’s impeachment during his late-night social media activity.

In response, Trump expressed his disappointment in Musk, stating that he had “done more for that guy than anyone else.” Trump also suggested that Musk’s outrage stemmed from the bill’s provision to phase out electric vehicle subsidies, a move that could significantly impact Tesla’s business.

Trump has since referred to Musk in the past tense, signaling the end of their political alliance. This public fallout marks a clear break in their once-close relationship.

Market Fallout

The feud has had a ripple effect across the cryptocurrency and financial markets. Dogecoin (DOGE), long associated with Musk, dropped over 9% following the clash. Tesla’s stock also fell by 15%, as investors grew concerned about the potential impact of Musk’s political disputes on his business endeavors.

Trump-themed tokens also faced declines. Official Trump, Trump’s official meme token, dipped by over 10%. Other tokens, such as MAGA and MAGA Hat, saw drops of 6.4% and 5.5%, respectively. The broader PolitiFi market experienced a 10% downturn as a result of the ongoing fallout.

Disclosure: This article is for informational purposes only and does not constitute investment advice.

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