The ongoing clash between Elon Musk and Donald Trump has spilled onto social media, sending shockwaves through the crypto world and especially the meme coin sector. As these two influential figures exchange public barbs, the fallout is being felt not just in political circles but also across digital asset markets, with Dogecoin (DOGE) and a new wave of meme coins at the center of the storm .
A Rift with Real-World Impact
Once seen as allies in the crypto space, Musk and Trump’s relationship has soured dramatically. The dispute escalated after Musk openly criticized Trump’s “Big Beautiful Bill,” a legislative package promising significant tax cuts and increased government spending. Musk, who had previously supported Trump’s crypto initiatives, denounced the bill as a “disgusting, massive, outrageous, pork-filled abomination,” urging his followers to oppose it. This sparked a social media campaign and inspired the creation of several new meme coins, many of which quickly gained traction on Solana-based decentralized exchanges .
Market Reaction: DOGE and Tesla Take a Hit
The feud’s immediate market impact was clear. Dogecoin, long championed by Musk as “the people’s crypto,” dropped about 9–10% in a single day and is down over 20% for the week . The decline coincided with Musk’s public exit from the Department of Government Efficiency (DOGE), a Trump administration initiative aimed at reducing federal spending. Meanwhile, Tesla shares also suffered, falling by as much as 15% after Trump threatened to cancel government contracts with Musk’s companies .
Meme Coin Mania: New Tokens Emerge
The drama has fueled a surge in new meme coins themed around the Trump-Musk rivalry. Tokens like “Kill the Bill” have appeared, some reaching market caps of nearly $7 million within hours. The meme coin frenzy highlights how quickly crypto markets can react to high-profile disputes, especially when they involve figures as prominent as Musk and Trump .
Escalating Tensions and Broader Implications
The war of words has intensified, with Musk making serious allegations against Trump on social media and Trump responding with personal attacks and threats to Musk’s business interests . This public fallout is not just a spectacle—it’s a reminder of how intertwined the worlds of politics, business, and crypto have become.
What’s Next for Meme Coins?
As the feud continues, the meme coin market remains highly volatile. Investors and observers are watching closely to see whether this trend will persist or if the hype will fade as quickly as it began. For now, the Trump-Musk saga serves as a case study in how social media drama can drive real financial consequences in the digital asset space .
Related Links
• Solana
• Elon Musk’s Influence on Dogecoin
• Trump’s “Big Beautiful Bill”
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Elon Musk and Donald Trump’s feud triggers a meme coin surge and DOGE crash, shaking up the crypto market and sparking new Solana tokens.
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Trump vs Musk: Crypto Feud Ignites Meme Coin Frenzy
