Elon Musk’s Deleted Post Sparks $BMNTP Meme Coin Frenzy on Pump.fun

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Elon Musk’s Deleted Post Sparks BMNTP Meme Coin Frenzy on Pump.fun

Show AI Summary
Elon Musk’s social media post sparks a meme coin eruption on Solana.
The $BMNTP token sees its market cap surge from under $100,000 to over $1.5 million.
The token’s 24-hour trading volumes reach millions of dollars across liquidity pools.

Elon Musk’s late-night social media habits have triggered another meme coin eruption on Solana.

Shortly after 1:07 AM Eastern Time on May 10th, Elon Musk posted a controversial four-line message on X listing “Bitches / Money / No Taxes / Party.” He quickly followed it with a second post telling people “Don’t cut your balls off, guys,” and then deleted the original message. Before it was taken down, the post had already received over 48 million views and hundreds of thousands of reactions.

As an analyst, I’ve been tracking a fascinating development in the crypto space. It seems this particular post quickly spurred action in the market. Within about 73 seconds, according to community members, traders had already created and were trading a new token – $BMNTP, or ‘Bitches Money No Taxes Party’ – on Pump.fun, which is the go-to launchpad for meme coins on the Solana blockchain. This rapid tokenization is a significant indicator of how quickly things are moving in this sector.

From Post to Token in Seconds

How quickly new tokens are launching shows just how automated the process has become by 2026. Pump.fun makes it incredibly easy – anyone can create a Solana token with just a few clicks and minimal fees (under $5 in SOL). It uses a system where the price slowly rises as more people buy. You don’t need to know any coding, get a security audit, or even have a team – all you need is a token symbol, an image, and a bit of hype.

The cryptocurrency $BMNTP experienced a dramatic start, quickly jumping in value from under $100,000 to over $1.5 million in just the first few hours. Trading activity was also high, with millions of dollars worth of the token changing hands on Raydium and Meteora platforms. Interestingly, $BMNTP is entirely driven by its community; there are no funds held by the development team, no pre-defined plans for the future, and its value currently relies solely on speculation and online popularity.

Most of the trading focused on the main token (6EQKNJD6KMTQv9KmhKDjs1jm1SRsNVGNqdKeEEiJpump). However, as often happens with popular new meme coins, many similar tokens quickly appeared. These copies launched with varying values, from around $95,000 to less than $5,000. One of these tokens specifically advertised that a large investor, known as a ‘whale,’ held 20% of its supply.

A Pattern

The recent launch of $BMNTP mirrors a trend The Crypto Times observed in 2026: Elon Musk makes a post, unknown traders turn it into a tradable token, those who buy early see significant profits, and those who buy later often face losses.

Elon Musk’s social media activity continues to have a significant impact on the cryptocurrency world. A simple two-word response in April – “Will answer shortly” – to a story about a SpaceX fan caused the value of a meme coin called $ASTEROID to surge past $28 million, with one investor making nearly half a million dollars in just three hours. Similarly, in January, a venture capitalist’s tweet referencing Musk led to the creation of $ELONCOIN, which briefly reached a $1.87 million market cap. Even a temporary change to Musk’s name on social media in February resulted in a token skyrocketing 17,000% in just half an hour, although it quickly lost most of its value, falling 85%.

In May 2025, a cryptocurrency called GORK, briefly rebranded by Elon Musk as “Gorklon Rust,” experienced a wild ride. It quickly gained significant traction, reaching a $70 million market value and $200 million in daily trades within just two days. However, this growth was short-lived, and by early 2026, its value had plummeted to less than $1 million.

Musk has never publicly supported or even mentioned the cryptocurrency. He typically sparks trends, and then unknown investors profit from them.

The Copycat Scam Problem

A screenshot from Pump.fun, showing a search for $BMNTP, highlights a common problem with meme coins in 2026: many tokens with similar names launch at the same time. This makes it very hard for people to find the real version of the coin – and often, there isn’t even a legitimate one, as these coins usually lack a development team, practical use, or official backing.

Solidus Labs reports that nearly all tokens on Pump.fun (around 98%) appear to be scams. Although Pump.fun has become more profitable in 2026 – CoinGecko data shows 73.3% of users made money in April – most of those gains were small, with 65.1% of profitable users earning only between $1 and $500.

Here’s the key advice for everyday traders: always double-check the addresses of crypto contracts before you buy or sell, only invest what you can afford to lose in meme coins, and remember that by the time you hear about a cryptocurrency on social media, those who profited early have likely already sold.

Why “No Taxes Party” Hit a Nerve

The post gained traction beyond just being a playful investment. Musk’s joke about eliminating taxes resonated with people who generally favor limited government, a view he’s reinforced through his association with the DOGE cryptocurrency and his outspoken opposition to government spending. This included a very public disagreement with President Trump in mid-2025 regarding proposed tax legislation.

The post, published late on a Saturday night just before Mother’s Day, sparked strong and divided opinions. Some fans saw it as a typical, honest, and intentionally attention-grabbing move by Musk. Others found it insensitive. Regardless, everyone agrees that Musk is uniquely skilled at getting people talking. Even after the post was taken down, it continued to spread online, becoming even more talked about.

Musk himself has not commented on $BMNTP. He almost certainly won’t.

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2026-05-11 16:04