The ongoing feud between Elon Musk and former President Donald Trump has taken a new turn, leading to the creation of a memecoin known as KILL BIG BEAUTIFUL BILL. This memecoin quickly gained popularity among traders, reaching a market cap of over $53 million as excitement around the project grew.
The conflict between Musk and Trump had been brewing for weeks, but it reached a boiling point when Musk publicly criticized Trump’s new initiative, “One Big Beautiful Bill.” Musk, known for his outspoken nature, took to social media to express his frustrations with the legislation, calling it a “disgusting, massive, outrageous, pork-filled abomination” that could have severe consequences on the country’s fiscal health.
The Big Beautiful Bill, which was recently passed by the House, is aimed at stimulating economic growth through tax breaks, increased military spending, and cuts to welfare programs. While the Trump administration touts the bill as a necessary reform, Musk sees it as undoing the progress made by the Department of Government Efficiency (D.O.G.E.), a project he once led that focused on cutting wasteful government spending.
Musk’s criticism of the bill led to the creation of the KILL BIG BEAUTIFUL BILL memecoin on the Solana blockchain. Traders flocked to the new coin, driving its market cap to over $53 million in a matter of hours. Other Musk-themed memecoins, such as MUSK DOGE and X ELON, also gained traction, turning the conflict into a full-blown memecoin arms race.
The situation escalated further when Musk accused Trump of having ties to Jeffrey Epstein, a convicted sex offender. Trump responded by expressing his disappointment in Musk and suggesting that the billionaire’s outrage was driven by the bill’s potential impact on Tesla’s electric vehicle subsidies.
As the feud between Musk and Trump unfolded, the crypto market felt the effects. Dogecoin and Tesla both saw declines in value, while Trump-themed coins also took a hit. The fallout from the conflict has raised concerns about the potential distraction these political skirmishes could pose to Musk’s business priorities.
Overall, the clash between Musk and Trump has not only led to the creation of new memecoins but has also had a significant impact on the cryptocurrency market. As the feud continues to unfold, traders and investors will be closely watching for any further developments.