Key Points:
Elon Musk proposes the "American Party" with over 1.24 million voters.
65.4% of participants support the idea.
No financial or market impact observed.
Elon Musk conducted a social media poll on July 5 regarding the formation of the "American Party," drawing participation from more than 1.248 million accounts.
The poll has garnered significant attention, with a majority of 65.4% voting in favor, yet it has not led to any discernible market or regulatory shifts.
Musk's "American Party" Poll Draws 1.24 Million Votes
Elon Musk's social media engagement has once again sparked public curiosity as his recent poll on forming a new “American Party” ended with participation from over 1.248 million users. Musk, renowned for leading major tech enterprises such as Tesla and SpaceX, continues to wield significant influence online.
The majority in favor has not prompted formal action or noticeable market impacts, suggesting that the poll remains an exploratory effort rather than a definitive commitment. There have been no reported investor movements or cryptocurrency fluctuations linked to this announcement.
Noteworthy voices in the crypto community have remained silent, and no official comments from industry leaders, including Vitalik Buterin, have been noted. Regulatory bodies in the U.S. have also stayed silent, signifying limited institutional engagement at this juncture.
Historical Trends Show Polls Have Little Market Impact
Did you know? Historical events indicate that while Elon Musk's polls generate public intrigue, they rarely result in long-term impacts on the cryptocurrency market unless directly involving specific tokens.
Ethereum (ETH) is currently priced at $2,519.05 with a market cap of approximately $304.09 billion. Recent trends show a 7-day increase of 3.82% and a notable 42.57% rise over 60 days. Trading volume decreased by 11% in the past 24 hours according to CoinMarketCap.
Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 13:19 UTC on July 5, 2025. Source: CoinMarketCap
