Trump’s Bill Gets Roasted, Elon Musk Inspires $53M Token

Cryptos: 21,330
Exchanges: 1,863
Market Cap: $3.28T 0.26%
24h Vol: $229,234,368,028 32.18%
Dominance: BTC: 63.5% ETH: 9.2%
Gas: 5 GWEI

Connect

Crypto News Altcoins

President Trump’s Bill Gets Roasted, Elon Musk Inspires $53 Million Token

Written by Aaron S.,

Editor-In-Chief

Last Updated: June 06, 2025

Key Takeaways

Musk slammed Trump’s spending bill, which inspired the KBBB meme coin that hit $53 million within hours;
Traders used AI to turn Musk into a meme, which fueled a short-lived token surge on Pump.fun;
One trader flipped $4.6,000 into $60,000 as debate over the bill’s $2.4 trillion deficit impact continued.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now ! 🔥

President Trump’s Bill Gets Roasted, Elon Musk Inspires $53 Million Token

BITDEGREE IN YOUR SOCIAL FEED

Tesla CEO Elon Musk has pushed back against President Donald Trump’s recently passed economic bill, which Musk believes cancels out efforts made by the Department of Government Efficiency (DOGE).

In a June 4 post on X, Musk called the bill "outrageous" and criticized lawmakers who supported it.

The next day, Musk posted an image of a "Kill Bill" movie billboard. Some in the crypto industry saw this as a jab at President Trump’s "One Big Beautiful Bill".

What is NEO in Crypto? Chinese Ethereum Explained (ANIMATED)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Within hours, a new token, Kill Big Beautiful Bill (KBBB), appeared on the meme coin platform Pump.fun. It quickly hit a $53.1 million market cap within nine hours. After that, it fell to around $36.7 million, before recovering slightly to about $38.2 million.

Traders also used artificial intelligence (AI) to create a parody version of the movie poster by swapping in a cartoon version of Musk.

According to blockchain data, the token’s most successful trader turned a $91,200 purchase into over $94,000 in profit and still holds more than $123,000 worth of KBBB. Another trader made nearly $60,000 from just a $4,599 investment.

President Trump’s "One Big Beautiful Bill" passed in the House on May 22. While the White House stated that the bill would help the economy, the Congressional Budget Office warned it could increase the US deficit by $2.4 trillion over ten years.

On May 29, Musk confirmed that he had left his position at the White House agency, DOGE. What did he say? Read the full story.