The Elon Musk-inspired and anti-Trump memecoin KBBB flies to $53M, but immediately collapses. Between trading bots, US politics and crypto culture: viral chaos.
The Kill Big Beautiful Bill token was issued in honour of Tesla's CEO's call to reject the "big beautiful bill" promoted by Donald Trump.
A memecoin born out of Elon Musk's protest against the bill promoted by former US President Donald Trump reached a market capitalisation of $53 million in a matter of hours. Trading of the token, created by unknown parties, has netted tens of thousands of dollars to early investors.
The head of Tesla and SpaceX has publicly criticised Trump for his proposed tax and budget bill, calling it 'big and beautiful'. According to Musk, the initiative would increase the 'huge budget deficit' to $2.5 trillion, burdening American citizens with an unsustainable debt.
Musk Teases Trump With A "Kill Bill" Meme: The KBBB Token First Flies Then Collapses
On 4 June, Musk released a poster advertisement for Quentin Tarantino's action film Kill Bill, urging people to reject Trump's bill. He played on the double meaning of the English word bill (bill/bill). Shortly afterwards, the Kill Big Beautiful Bill memecoin, with ticker KBB, was launched through the token creation platform Pump.fun.
The creators of the memecoin linked the image to the KBBB token by replacing Uma Thurman with a caricature of Elon Musk on the movie poster. The token, traded on decentralised exchanges, reached a capitalisation of $53.12 million in the first nine hours, before dropping to $23 million, losing more than half of its value.
According to DEX Screener, as of 5 June, the most successful trader had earned $137,000 with the KBBB token. All of the first 100 traders of memecoin recorded profits in excess of $14,000 each. It is likely that many were insiders or automated trading bots that purchased the tokens soon after launching on Pump.fun.
Musk and the Short Adventure in the Trump Government
In the fall of 2024, Trump invited Musk to lead his administration's Department of Government Efficiency (DOGE), with the goal of reducing government spending. However, according to one entrepreneur who recently left DOGE, the new bill has undone much of the work Musk did for the White House.
These events highlight the unpredictable intertwining of politics, technology and cryptocurrencies. While memecoins such as KBB generate impressive profits, often driven by bots and insiders, political moves in the US prove equally volatile. Musk's brief experience at DOGE had been presented as a bold experiment in tech-driven governance.
Trump's new proposal, however, seems to have dismantled the base built by Musk, raising doubts about the sustainability of such projects. The intertwining of online viral culture and real politics is increasingly evident, with both spheres shaped by quick decisions, viral trends and behind-the-scenes power games.
Trump-related tokens register a massive and inexplicable rally (MELANIA +54%), despite the crypto market's cautious recovery. Insider hoarding is speculated.
While Bitcoin plummeted below $100,000 and Ethereum to $3,000, the meme coin on Solana, Jelly-My-Jelly (JELLYJELLY), experienced a record surge, reaching $0.50 and a capitalisation of $500 million.
TRUMP, the meme coin on Solana, soars 42%. The price touches $8.6. Accumulation by large holders, the listing of the Canary ETF and a bullish technical signal fuel optimism for November.
The Kill Big Beautiful Bill token was issued in honour of Tesla's CEO's call to reject the "big beautiful bill" promoted by Donald Trump.
A memecoin born out of Elon Musk's protest against the bill promoted by former US President Donald Trump reached a market capitalisation of $53 million in a matter of hours. Trading of the token, created by unknown parties, has netted tens of thousands of dollars to early investors.
The head of Tesla and SpaceX has publicly criticised Trump for his proposed tax and budget bill, calling it 'big and beautiful'. According to Musk, the initiative would increase the 'huge budget deficit' to $2.5 trillion, burdening American citizens with an unsustainable debt.
Musk Teases Trump With A "Kill Bill" Meme: The KBBB Token First Flies Then Collapses
On 4 June, Musk released a poster advertisement for Quentin Tarantino's action film Kill Bill, urging people to reject Trump's bill. He played on the double meaning of the English word bill (bill/bill). Shortly afterwards, the Kill Big Beautiful Bill memecoin, with ticker KBB, was launched through the token creation platform Pump.fun.
The creators of the memecoin linked the image to the KBBB token by replacing Uma Thurman with a caricature of Elon Musk on the movie poster. The token, traded on decentralised exchanges, reached a capitalisation of $53.12 million in the first nine hours, before dropping to $23 million, losing more than half of its value.
According to DEX Screener, as of 5 June, the most successful trader had earned $137,000 with the KBBB token. All of the first 100 traders of memecoin recorded profits in excess of $14,000 each. It is likely that many were insiders or automated trading bots that purchased the tokens soon after launching on Pump.fun.
Musk and the Short Adventure in the Trump Government
In the fall of 2024, Trump invited Musk to lead his administration's Department of Government Efficiency (DOGE), with the goal of reducing government spending. However, according to one entrepreneur who recently left DOGE, the new bill has undone much of the work Musk did for the White House.
These events highlight the unpredictable intertwining of politics, technology and cryptocurrencies. While memecoins such as KBB generate impressive profits, often driven by bots and insiders, political moves in the US prove equally volatile. Musk's brief experience at DOGE had been presented as a bold experiment in tech-driven governance.
Trump's new proposal, however, seems to have dismantled the base built by Musk, raising doubts about the sustainability of such projects. The intertwining of online viral culture and real politics is increasingly evident, with both spheres shaped by quick decisions, viral trends and behind-the-scenes power games.
Read Next
Trump-linked tokens fly: Is there a Secret Behind the Sudden Rally?
Trump-related tokens register a massive and inexplicable rally (MELANIA +54%), despite the crypto market's cautious recovery. Insider hoarding is speculated.
Thrust and Iggy Azalea: new era of Memecoins
Iggy Azalea's 'Mother Coin' token sees a 25% increase following the debut of Thrust, a Solana-based platform that aims to regulate celebrity tokens.
JELLYJELLY Challenges Crypto Market Collapse: Suspicions of Coordinated Trading
While Bitcoin plummeted below $100,000 and Ethereum to $3,000, the meme coin on Solana, Jelly-My-Jelly (JELLYJELLY), experienced a record surge, reaching $0.50 and a capitalisation of $500 million.
TRUMP Coin in Rally: Why November Could Be the Month of the Turning Point
TRUMP, the meme coin on Solana, soars 42%. The price touches $8.6. Accumulation by large holders, the listing of the Canary ETF and a bullish technical signal fuel optimism for November.