$TRUMP meme coin falls on Musk-Trump fallout
Amid the public feud that seems to be ending the Elon Musk-Donald Trump bromance, it’s not just Trump trades that are getting hit.
President Trump’s namesake meme coin, $TRUMP, is down over 10% today, plummeting on the flurry of back-and-forth insults.
It started with Musk criticizing Trump’s “big, beautiful bill,” but this afternoon it escalated to a “really big bomb,” with Musk alleging Trump is involved in the Epstein files and Trump threatening Musk’s government contracts.
Not to worry, not everyone is at a financial loss here. Some are already making money from this. Earlier today, a Kill Big Beautiful Bill meme coin was launched on Pump.fun. As of this afternoon, it hit a $34 million market cap, according to Crypto News.