Memcoin against Trump bill reaches $53 million market cap
Date: 2025-06-06 Author: Henry Casey Categories: CRYPTO PAYMENTS
The memcoin issued in protest against the new tax and budget bill has caused a stir in the market and reached a market cap of $53 million in just a few hours. The project, created by unknown enthusiasts on the Pump.fun platform, was a reaction to Elon Musk's public criticism of US President Donald Trump.
The founder of Tesla and SpaceX has sharply spoken out against Trump's legislative initiative, calling it "big and beautiful", but in a negative sense. According to Musk, the proposed law will increase the national debt to $2.5 trillion and will worsen the financial burden on the population.
On June 4, Musk posted a satirical poster on social networks, stylized as Quentin Tarantino's film Kill Bill. He played on the English word Bill as a "bill", calling for the rejection of Trump's initiative. In the wake of this protest, the Kill Big Beautiful Bill token (ticker - KBBB) appeared, whose logo also repeated the image from the film, but instead of Uma Thurman, a caricature image of Musk himself was used.
In the first nine hours of trading on decentralized exchanges, the token's value soared to $ 53.12 million. However, by the evening of the next day, the capitalization had decreased by more than half - to $ 23 million. Despite this, early investors managed to record significant profits. One of the traders, according to DEX Screener, earned $ 137 thousand, and each of the hundred largest KBBB holders received at least $ 14 thousand in profit. Experts suggest that both insiders and automated trading bots tracking new tokens on Pump.fun participated in the trading.
It is worth recalling that in the fall of 2024, Trump invited Musk to head the newly created Department of Government Efficiency (DOGE), seeking to optimize budget spending. However, Musk later left the post, disappointed with the administration's policies. The new bill, according to him, nullifies all the efforts he made in this post.
