In brief
- Elon Musk publicly criticized President Trump’s “One Big Beautiful Bill,” claiming it undermines the spending cuts achieved by his Department of Government Efficiency (DOGE).
- Crypto traders launched a Solana meme coin called “Kill Big Beautiful Bill” (KBBB).
- KBBB reached a $53 million market cap within nine hours before declining 30%.
Elon Musk has been publicly criticizing President Donald Trump for his “big, beautiful bill.” It’s legislation the Tesla founder believes effectively wipes out the work he’s done with the Department of Government Efficiency—colloquially referred to as DOGE.
On Wednesday, Musk posted a billboard for Quinten Tarinto’s action movie “Kill Bill”, spurring a movement to stop the aforementioned big, beautiful bill. Crypto degens saw this post and launched the Kill Big Beautiful Bill, or KBBB, meme coin via Pump.fun. The token soared to a $53.12 million market cap within its first nine hours, but has since retraced 30% to $36.73 million.
Degens have one-upped Musk’s use of the Kill Bill billboard by using AI to replace Uma Thurman with a fat Musk, tying it to the aforementioned Pump.fun meme coin.
A clash between two of the biggest names in crypto was enough to prompt nine hours of green candles for the KBBB meme coin, peaking at a market cap of $53.12 million. Naturally, it then fell 36% to $37.68 million before bouncing back 10% to $38.22 million.
The token’s top trader, according to DEX Screener, has realized profit of $94,200 with $123,600 worth of tokens still waiting to be sold, all from a $91,200 buy in. Maybe more impressively though, another trade bought $4,599 and has since sold their entire bag for $59,700 worth of profit.
Trump invited the richest man in the world onto his Presidential campaign trail last year. He eventually announced that Musk would head DOGE in an attempt to drastically reduce U.S. spending. The Republican candidate later won the election and DOGE was established the day after his inauguration. In fact, the Dogecoin logo temporarily appeared on the official government website.
Squabbles over DOGE impact
Since then, the DOGE website estimates the initiative has cut $180 billion in spending. This hasn’t come without its critics, however, with CBS reporting that its “wall of receipts” feature misleading or inaccurate claims. Plus, mathematician and professor of infectious diseases at Boston University, Brooke Nichols, estimates that the DOGE USAaid cuts would lead to 300,000 deaths—most of them children.
Last month, the House voted to pass President Trump’s “One Big Beautiful Bill” after White House economists projected it would stimulate economic growth. The Congressional Budget Office estimated the bill could add $2.4 trillion to the nation’s deficit over the next decade, dwarfing the cuts made by DOGE.
“I’m sorry, but I just can’t stand it anymore,” Musk wrote Tuesday on X, formerly Twitter. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.”
From this point, Musk has been on a social media campaign slamming the bill by reposting vocal critics, related memes, and claiming that it “defeats all cost savings achieved by the DOGE team.”
Edited by Stacy Elliott.
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