Solana-based memecoin KBBB surged an astonishing 36,000%, reaching a market cap of $53 million in 24 hours, before settling at $38.22 million. This explosive growth has sent ripples through the crypto world, fueled by a high-profile political clash and the unpredictable power of social media.
What Sparked the KBBB Surge?
The KBBB memecoin, named “Kill Big Beautiful Bill,” emerged from a fiery feud between President Donald Trump and Elon Musk over Trump’s proposed $4 trillion spending package, dubbed the “Big Beautiful Bill.” Musk’s tweet, “KILL the BILL,” ignited a frenzy, inspiring the creation of KBBB on the Solana blockchain.
The coin’s politically charged concept, tied to backlash against the bill’s tax cuts and border policies, tapped into viral sentiment. Posts on X reveal traders jumped in, driven by fear of missing out (FOMO), with one top trader reportedly pocketing $94,000 in profits. Solana’s fast, low-cost transactions made it the perfect platform for this memecoin mania, boosting trading volume to $49.2 million.
The Trump-Musk saga, amplified by Musk’s exit from supporting Dogecoin (DOGE) amid legal scrutiny, shifted attention to KBBB, with its 100% liquidity pool burn and $780,000 in liquidity adding degen appeal. However, the top holders control over 40% of the supply, raising concerns about potential manipulation.
How Celebrities Shake the Crypto Market
Celebrity influence continues to drive crypto volatility. For example, Errol Musk, the father of billionaire entrepreneur Elon Musk, partnered with a business associate to promote a crypto meme called Musk It (MUSKIT). Within 30 minutes, the value of the Solana-based token surged by 1500% following Errol’s published endorsement.
Similarly, Argentine President Javier Milei endorsed a crypto project known as Libra (LIBRA), which initially surged to an astonishing market capitalization of $4.5 billion. However, the excitement was short-lived as the token’s value drastically fell, wiping out over $4 billion in market capitalization almost overnight.
Trump’s own Solana memecoin, $MELANIA token, has also followed the same trend. Within nine hours after launch, $MELANIA soared by 11,900%, from $0.1 to $12, hitting a market capitalization of $1.75 billion, and ranking as the top token on Solana blockchain DexScreener.
These examples show how celebrity-backed coins attract massive attention, drawing in retail investors who often face losses when prices collapse.
