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Trump–Musk Feud Sparks Memecoin Trading Surge

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Disclaimer :
The information provided in this news article is for informational purposes only and reflects publicly available data and opinions at the time of writing. It should not be considered financial or investment advice.
The recent public fallout between President Donald Trump and entrepreneur Elon Musk has led to a significant surge in memecoin activity within the cryptocurrency market. In the past 24 hours, memecoins associated with the feud have generated over $355 million in trading volume, accounting for approximately 64% of the total $556 million recorded during this period.
One notable example is the KILL BIG BEAUTIFUL BILL (KBBB) memecoin, which experienced a rapid ascent, reaching a market capitalization of $53.12 million within nine hours of its launch. This surge reflects the heightened investor interest driven by the high-profile dispute between the two figures.
The feud began when Musk publicly criticized President Trump's proposed tax legislation, leading to a series of retaliatory remarks and actions from both parties. This exchange has not only impacted their personal and professional relationships but has also influenced market dynamics, particularly within the memecoin sector.
Market analysts caution that while the memecoin market can offer substantial short-term gains, it is also characterized by high volatility and speculative trading. Investors are advised to exercise due diligence and remain aware of the inherent risks associated with such assets.
The intersection of political events and cryptocurrency markets underscores the growing influence of public figures on…