President Donald Trump and Elon Musk’s fallout brought about a serious spikes in memecoin launches and buying and selling, with the biggest tokens by buying and selling exercise producing over $355 million in quantity over the previous 24 hours, in line with DEX Screener knowledge.
As merchants seized on the pair’s high-profile social media conflict utilizing Solana’s ecosystem, Official Trump (TRUMP) ranked first on DEX Screener’s 24-hour trending listing, amassing roughly $228 million in quantity. Moreover, the token reclaimed the $2 billion market cap stage after shedding it on June 5.
Kill Massive Stunning Invoice (KBBB) bought the second-largest day by day quantity, with almost $131 million traded since its launch. KBBB has a market capitalization of roughly $12 million as of the time of this press launch.
“Official Musk” (MUSK) positioned fifth, posting about $22 million in quantity, whereas “President Vs Elon” (PVE) held the ninth spot after clearing roughly $30 million in swaps on PumpSwap pairs initiated final month.
Rounding out the highest ten, “new political social gathering” (XPARTY) recorded slightly below $10 million in trades throughout its first day of itemizing. The memecoin is a direct nod to Musk’s X ballot proposing a 3rd US social gathering.
Mixed, the 5 tokens accounted for 64% of the almost $556 million in 24-hour quantity registered by the highest 10 tokens in DEX Screener’s listing.
Fallout drives volatility
The rally adopted a late-night alternate that ended the Musk–Trump alliance constructed throughout the 2024 marketing campaign.
Trump wrote on Fact Social that he would “terminate Elon’s governmental subsidies and contracts” and known as the entrepreneur “loopy.”
Musk fired again on X, insisting Trump’s election owed a lot to his assist and urging Congress to interchange the president with Vice President JD Vance.
Musk then alleged, with out presenting proof, that Trump seems in sealed Jeffrey Epstein information, writing, “The reality will come out.”
Trump replied that Musk’s affect “has worn skinny,” a comment confirming the general public break up and clouding near-term coverage expectations for digital asset corporations that had counted on their cooperation.
With Musk and Trump but to de-escalate publicly, merchants proceed to observe X and Fact Social posts for cues that would prolong or reverse the meme-coin rally tied to their feud.
Talked about on this article
