This broke less than twelve hours ago, and crypto Twitter still can’t decide if it’s hilarious or horrifying. I’m old enough to remember the 2021 DOGE super-cycle, so when I saw Donald Trump fire back at Elon Musk over a late-night Dogecoin jab, my first thought was, “Here we go again.”
Here's What Actually Happened
A quick rewind: on June 11, around 02:17 UTC, Musk quote-tweeted one of Trump’s Truth Social clips, slapping a DOGE meme on it and adding, “Even DOGE has better fundamentals than your old-school bills, Donald.” Within minutes, Trump clapped back, calling Dogecoin “fake money for Martians” and dubbing Musk “Big Beautiful Bill”—a tongue-in-cheek reference to the former president’s own penchant for superlatives.
Crypto meme wizards smelled blood. By 04:00 UTC, a Solana SPL token called Kill Big Beautiful Bill (KBBB) was live on Jupiter. Liquidity was only $40K at launch, but I’ve noticed Solana memecoins move faster than an SEC subpoena. By 10:30 UTC, the pair on Raydium had swollen to $53 million in fully diluted market cap, according to Birdeye.
Why Traders Can't Look Away
I think the big draw is the perfect storm of two internet giants and an already frothy memecoin meta on Solana. Remember BONK ripping 40x in December? Same energy here—just compressed into hours instead of weeks.
- Opening tick: $0.00018
- Current spot (15:00 UTC): $0.00091
- Peak so far: $0.00102 at 12:08 UTC
- Volume: $187M across Raydium, Orca, and Phoenix combined
You can’t make this up. Retail degens, Telegram sniper bots, even a couple of Alameda-era wallets (yeah, those still move) are all over the chain right now. Gas on Solana spiked past 0.03 SOL per transaction—small by ETH standards, but notable for SOL.
Now Here's the Interesting Part
Trump hasn’t mentioned KBBB, but Musks’ alt account—yes, that tongue-in-cheek ‘Elona’ burner he sometimes likes from—retweeted a chart and dropped the eyes emoji. Could be noise, could be free marketing. In my experience, that’s often enough signal for copy-trade bots to double dip.
Meanwhile, Dogecoin itself barely budged, holding $0.144 support on Binance. Kinda weird, right? One would expect DOGE to moon on any Musk drama. Instead, Solana steals the headline. It almost feels like the market is saying, “We’ve ridden the DOGE train; give us new toys.”
Rapid-Fire Reactions Around the Space
“Meme liquidity is migrating to faster chains. The next billion-dollar coin may not be on Ethereum at all.” — Ansem on X
Even Arthur Hayes chimed in with a “Solana summer warming up, frens.” I won’t lie—I got goosebumps. Last time Hayes tweeted that sort of thing, Pepe printed 800% in a week.
But Is This Another Rug?
That’s the question DM’ing my inbox right now. The deployer wallet (0x779…BBB) still owns 7.2% of supply, per Solscan. I don’t love that. On the bright side, they renounced mint authority at block 269,795,522, so we probably won’t see surprise emissions. Still, if the dev rage-sells, liquidity will crater faster than you can say “slippage.”
Short-Term Fallout
We’re already seeing a spillover. SOL itself tagged $173—highest since the April local top—before cooling to $165. Memecoins act like leverage on the base chain; that hasn’t changed since the SHIB/ETH days. So, if KBBB keeps humming, SOL could revisit $180 sooner than the options market predicted (Deribit OI suggests max pain at $160 for Friday’s expiry).
Long-Term? Still Unfolding
If you’re asking me whether KBBB becomes the next BONK or the next Slerf, I’ll be blunt: it’s too early. We don’t even have a website—just a rogue X account and a half-broken linktree. No road map, no utility, only vibes. But hey, that’s the memecoin playbook.
Historically, coins born out of political drama fade once the headlines cool. Remember MAGA Coin on BSC? Topped out at $116M, now under $7M. Yet Solana’s new retail influx could rewrite that pattern. I’m keeping one eye on the chain stats and the other on Trump’s next late-night all-caps post.
Where I’m Placing My Bet
I grabbed a tiny Moonbag—less than 1% of portfolio—because, well, I like sleeping at night. My stop? Break of $0.00065. If it nukes, I’m out; if it rips, cool story for the grandkids. Not financial advice, but that’s how I’m playing it.
Quick Data-Driven Gut Check
Birdeye trendline suggests net inflow slowing after 14:45 UTC. If that flips negative, expect the first big wick. Conversely, if KBBB holds $45M market cap into the Asian session, I wouldn’t be shocked to see a second leg toward $100M. Volume typically doubles during overlapping US/Korea hours. File that under ‘things I wish I had known during Pepe’s breakout.’
Final Take
Like it or loathe it, memes move money, and Solana just stole the spotlight from DOGE. Trump and Musk—two of the loudest voices on the planet—unknowingly minted a $53M coin overnight. The chart’s vertical, the community is feral, and the endpoint is anyone’s guess. Strap in; the next tweet could add—or erase—another zero.
