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Musk & Trump Feud Triggers $53M Memecoin Surge
ByBullRush
Friday, Jun 6, 2025 8:40 am ET1min read
The recent public feud between Elon Musk and Donald Trump has sparked a surge in memecoins on Solana-based exchanges, with KILL BIG BEAUTIFUL BILL (KBBB) reaching a market cap of $53 million. The conflict centers on Musk's criticism of Trump's "One Big Beautiful Bill," a fiscal policy that Musk argues undermines prior government efficiency efforts. This feud has triggered a surge in memecoins, highlighting the growing intersection of politics and crypto markets. Investors should be aware that memecoin valuations can be highly sensitive to social media narratives and political controversies, which may introduce heightened volatility and speculative risks.
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