In the wild world of crypto and social media, few things are as explosive — or entertaining — as a high-profile Twitter war. The latest clash? Tech billionaire Elon Musk versus former President Donald Trump. And at the heart of the feud is everyone’s favorite meme coin: Dogecoin (D.O.G.E.).
The Fallout Begins: Dogecoin and “Big Beautiful Bill”
The drama kicked off when Elon Musk took to X (formerly Twitter) to criticize Trump’s newly proposed “Big Beautiful Bill,” a sweeping tax policy package pitched as a pro-America, pro-business initiative. But Musk wasn’t buying it. He accused the bill of being anti-crypto and “diametrically opposed to the spirit of decentralization that Dogecoin represents.”
Trump, never one to back down from a fight (especially online), fired back — calling Musk “a failing rocket man with no loyalty” and suggesting that D.O.G.E. is “a joke currency for space cadets.” Needless to say, the internet exploded.
Enter: “Kill the Bill” and Other Meme Coin Mayhem
As the Twitter spat escalated, the crypto meme economy did what it does best — spun controversy into cash. Within hours, a flurry of new meme coins flooded decentralized exchanges, most notably “Kill the Bill” (KILLBILL) — a clear jab at Trump’s tax proposal. Other creatively named entrants include “Elon’s Edge,” “Bigly Bucks,” and “Trumped Out.”
While none of these coins hold any serious utility, their rapid rise is a reminder of how reactive and tribal the meme coin market can be. Some traders saw double-digit gains in a matter of hours. Others were left holding the bag.
Dogecoin Dips, But It’s Not the End (Yet)
Despite the noise, the broader crypto market remained relatively unfazed. Bitcoin and Ethereum barely blinked. But Dogecoin wasn’t so lucky. The original meme coin took a 9% hit following the feud, as investor uncertainty and social media sentiment turned sour.
Still, analysts say the dip is more symbolic than systemic. “This isn’t a fundamental collapse. It’s a social media event,” says crypto strategist Alana Freedman. “The fallout is largely confined to meme coins, which are driven more by culture than code.”
Why This Matters: More Than Just a Meme War
This feud highlights an evolving intersection of politics, social influence, and decentralized finance. Musk has long been the de facto hype man for Dogecoin, using his platform to shape its narrative. Trump, meanwhile, is wading deeper into crypto politics — potentially appealing to voters who see Bitcoin and blockchain as tools for financial independence.
Whether you see this as political theater or a battle for crypto’s future, one thing is clear: the meme coin market is becoming an increasingly unpredictable battleground for public influence.
Final Thoughts
As the Musk-Trump beef rages on, expect more volatility, more meme coins, and more headlines. For investors, it’s a reminder to tread carefully in markets driven by tweets and tribalism. For the rest of us? Just grab some popcorn and enjoy the show.