Close Menu
Crypto News InsidersCrypto News Insiders
  • News
  • Videos
  • Learn
  • Bitcoin
  • Altcoin
  • Ethereum
  • Stablecoins
  • Blockchain
  • NFTs
  • Markets
  • Politics
  • DeFi
  • ETF
  • Insights
  • Web3
Trending

Chainlink Bulls, Caution! – Is LINK Reaching a Peak at $13.4?

46 seconds ago

$15B Bitcoin Options Set to Expire on Deribit in 2025’s Biggest Quarterly Expiration

42 mins ago

Spot XRP ETF: Expert Predicts Clear Path for BlackRock, Ripple Price Surges 3.5%

45 mins ago

Can SEI Reach $1? 7-Month Downtrend Ends as Transactions Surge Threefold

52 mins ago

Saylor’s Bitcoin Strategy Yields $21.3 Billion in Unrealized Profits

2 hours ago
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Crypto News InsidersCrypto News Insiders
Login
Live Markets
  • News
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoin
    • Stablecoins
  • Blockchain
  • Insights
  • NFTs
  • Markets
  • Politics
  • DeFi
  • Learn
  • Videos
  • More
    • Web3
    • ETF
Newsletter
Crypto News InsidersCrypto News Insiders
Home»Ethereum
Ethereum

Trump-Musk Feud Sparks Memecoin Craze, Driving Increased Trading Volume

News RoomBy News Room3 weeks ago0 ViewsNo Comments4 Mins Read
Facebook Twitter Pinterest Telegram Email Tumblr Reddit LinkedIn

Memecoin Surge: How Trump and Musk’s Fallout Ignited a Trading Frenzy

Recent tensions between President Donald Trump and tech mogul Elon Musk have led to a significant surge in memecoin launches and trading activity. Within just 24 hours, trading volumes for the largest tokens skyrocketed, generating over $355 million according to data from DEX Screener. This spike marks a pivotal moment in the memecoin landscape as investors capitalize on the high-profile social media dispute between these two influential figures.

The Memecoin Trading Boom

At the forefront of this trading frenzy is the memecoin "Official Trump" (TRUMP), which claimed the top spot on DEX Screener’s 24-hour trending list. The token amassed an impressive trading volume of approximately $228 million, even managing to reclaim its market capitalization of $2 billion after a slump earlier this month. Following closely behind is "Kill Big Beautiful Bill" (KBBB), which has gained considerable traction since its launch, recording nearly $131 million in trades and boasting a market cap of around $12 million. The rise of these tokens is emblematic of how social media interactions can significantly influence digital currencies’ volatility and liquidity.

The Impact of the Trump-Musk Dispute

The dissension between Trump and Musk has transcended personal grievances and affected the broader cryptocurrency market. A late-night exchange between the two culminated in Trump’s announcement on Truth Social, where he expressed intentions to terminate Musk’s government contracts and subsidies, labeling him as "crazy." Musk retorted on X, attributing Trump’s electoral success to his own support while urging Congress to consider Vice President JD Vance as a replacement. This exchange has undeniably led to increased scrutiny of their relationship, generating heightened volatility in digital assets.

Exploring the Top Memecoins

The ripple effects of the fallout extend beyond just TRUMP and KBBB. "Official Musk" (MUSK) captured fifth place in trading activity, generating approximately $22 million in volume. Meanwhile, "President Vs Elon" (PVE) made its mark by clearing around $30 million in trades through PumpSwap pairs initiated last month. Additionally, a newer entry, "new political party" (XPARTY), debuted with just under $10 million in trades within its first day of listing, symbolizing a direct response to Musk’s proposal for a third political party via an X poll. Together, these five tokens have accounted for 64% of the nearly $556 million in 24-hour volume recorded by the top ten tokens listed on DEX Screener.

Market Reactions and Investor Sentiment

The ongoing feud between Trump and Musk has left digital asset traders on high alert, constantly monitoring their social media platforms for any cues that could affect market trends. With both figures yet to publicly ease tensions, investor sentiment remains volatile. Speculations about how this conflict might influence regulatory policies for crypto firms add another layer of complexity, as both had previously been seen as allied voices in the fight for favorable legislation in the digital asset space.

The Future of Memecoins and Regulatory Insights

As the memecoin market evolves, the outcomes of the Trump-Musk fallout could significantly alter the digital asset landscape. While volatility presents risks, it also opens avenues for potential profit. Traders exploring these emerging tokens must consider the interplay of public sentiment, social media influence, and impending regulations. The current dynamics suggest that as long as the feud continues, memecoins will remain a focal point for traders looking to capitalize on the unique blend of politics and finance that characterize this moment in cryptocurrency history.

In conclusion, the fallout between Donald Trump and Elon Musk has sparked a remarkable shift in the memecoin trading landscape, illustrating how personal disputes can reverberate through financial markets. With incredible volumes and new tokens continuously emerging, traders are eager to capitalize on the current climate, while keeping a close eye on the evolving relationship between these two influential figures.

Demo
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp

Related News

Vitalik Buterin Claims Pluralistic ZK Digital IDs Are the ‘Most Viable Solution’ for Protecting Privacy

Ethereum 6 hours ago

Former Executives from Tether, Hut 8, and Blackstone to Launch $1 Billion Crypto Treasury Firm

Ethereum 3 days ago

TMTG Confirms Bitcoin Commitment While Announcing $400 Million Share Buyback Plan

Ethereum 6 days ago

Deutsche Bank Introduces Institutional Tokenization Platform to Accelerate Regulated Funds

Ethereum 2 weeks ago

Bitcoin Retreats After Trump Denies Role in Iran-Israel Ceasefire and Urges Tehran to Evacuate

Ethereum 2 weeks ago

ZachXBT Alerts: Suspected ZKasino Fraudster Possibly Tied to New Crypto Project WhiteRock

Ethereum 2 weeks ago

Ethereum Foundation Donates $1M for Storm’s Defense; Organizations Support Pertsev’s Appeal

Ethereum 2 weeks ago

Vitalik Suggests ‘Lean Ethereum’ for Enhanced Quantum Security and Streamlined Validator Operations

Ethereum 2 weeks ago

Ethereum ETFs Experience Record Inflows as Market Momentum Grows

Ethereum 3 weeks ago
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

$15B Bitcoin Options Set to Expire on Deribit in 2025’s Biggest Quarterly Expiration

42 mins ago

Spot XRP ETF: Expert Predicts Clear Path for BlackRock, Ripple Price Surges 3.5%

45 mins ago

Can SEI Reach $1? 7-Month Downtrend Ends as Transactions Surge Threefold

52 mins ago

Saylor’s Bitcoin Strategy Yields $21.3 Billion in Unrealized Profits

2 hours ago

Rex Shares Urges SEC to Approve Staked Solana ETF, Says It’s ‘Coming Soon’

2 hours ago

Latest News

Ethereum Price Set for Gains as Whales Purchase $10M in ETH Within Hours

2 hours ago

OND Climbs Towards $0.77, Team Predicts 2025 as the Year for Tokenized Stocks

2 hours ago

Bitcoin Miners Hit 12-Year Low—Why Aren’t They Selling?

2 hours ago

Subscribe to News

Get the latest crypto news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Crypto News Insiders. All Right Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?