The feud between Trump and Musk has become a hot topic in the memecoin world, triggering a significant increase in trading volume. Here’s how it happened:
The Public Feud Between Trump and Musk
The Root of the Conflict: On June 5, 2025, a public feud erupted between US President Trump and billionaire Elon Musk. Musk, who had just left his position as the head of the US Government Efficiency Department, criticized Trump’s “big and beautiful” bill on social media, stating that “you either get a huge and ugly bill, or a small and beautiful one.” Trump responded by saying that Musk’s dissatisfaction stemmed from the bill’s proposal to eliminate the tax credit for electric vehicle consumers, which affected Musk’s interests as the CEO of electric vehicle manufacturer Tesla.
Escalation of the Dispute: The two exchanged increasingly heated barbs. Musk claimed that “without me, Trump would have lost the election,” and Trump said he asked Musk to leave because he saw Musk was “exhausted,” but Musk called this an “obvious lie.”
Impact on the Memecoin Market
Increased Attention and Speculation: The feud between Trump and Musk, two well – known figures, has attracted widespread attention. Memecoin investors and speculators have taken notice, leading to increased trading volume. Some believe that the conflict may create investment opportunities, while others are concerned about potential market volatility, but both groups have contributed to the increased trading activity. For example, the $TRUMP (Trump Meme Coin) issued by Trump and the $KM (KekiusMaximus) coin related to Musk have both seen significant trading volume increases.
Market Sentiment Drive: The memecoin market is highly influenced by emotions and news. The feud between Trump and Musk has become a hot topic, fueling market sentiment. Investors’ emotions and expectations have led them to buy or sell memecoins, further driving up trading volume. In addition, the two have a certain influence in the cryptocurrency field. Trump has proposed policies to support cryptocurrencies, and Musk has also driven the price fluctuations of related cryptocurrencies through social media in the past. Therefore, their feud has a greater impact on the memecoin market.
Related topic:
