tl;dr
The public feud between Donald Trump and Elon Musk has sparked a surge in memecoin launches and trading activity, particularly within Solana's ecosystem. Key tokens like Official Trump (TRUMP) saw trading volumes of around $228 million and regained a $2 billion market cap. Other notable tokens inclu...
The public feud between Donald Trump and Elon Musk has ignited a remarkable surge in memecoin launches and trading activity, especially within Solana’s blockchain ecosystem. This digital clash saw several tokens linked to their rivalry generate hundreds of millions of dollars in trades within just 24 hours.
Among the standout memecoins, Official Trump (TRUMP) led the charge with approximately $228 million in trading volume, regaining its $2 billion market capitalization after a recent dip. Kill Big Beautiful Bill (KBBB) followed with nearly $131 million traded and holds a market cap near $12 million. In addition, Official Musk (MUSK) recorded about $22 million in volume, President Vs Elon (PVE) posted roughly $30 million, and new political party (XPARTY) contributed close to $10 million on its first day.
Together, these five tokens accounted for 64% of the top 10 memecoins’ combined $556 million 24-hour trading volume, highlighting the intense market interest driven by this high-profile rivalry.
The trading frenzy was triggered by a volatile social media exchange that ruptured the Musk–Trump alliance built during the 2024 campaign. Trump threatened to end Elon Musk’s government subsidies and contracts, while Musk pushed back, suggesting Congress replace Trump with Vice President JD Vance and implying Trump’s connection to sealed Jeffrey Epstein files. These incendiary claims stoked uncertainty and added volatility to the digital asset market.
As the feud continues with no signs of public reconciliation, traders and investors remain on high alert, closely watching social media platforms X and Truth Social for any developments that could further fuel or cool the memecoin rally sparked by this political drama.