A public clash between Elon Musk and former President Donald Trump concerning the proposed ‘Big Beautiful Bill’ has significantly impacted the cryptocurrency market, particularly meme coins with political themes.
Musk’s vocal criticism of the bill, aligning with his established economic viewpoints, has escalated political tensions with Trump. This confrontation triggered a notable surge in tokens tied to ‘The American Party’ (TAP) concept following Musk’s threats to form a new political entity.
The feud introduced substantial volatility across the meme coin sector. Dogecoin, a cryptocurrency frequently associated with Musk, experienced a sharp price decline after Trump made remarks interpreted as deportation threats against the billionaire.
The cryptocurrency community has demonstrated high engagement with the political saga, actively blending political commentary and activism with market speculation. The future price action of TAP-themed tokens and overall meme coin sentiment appears heavily contingent on the ultimate legislative outcome – passage or rejection – of the ‘Big Beautiful Bill’.