Musk's party stirs huge waves, retail investors surf in a bloodbath; the birth of the American Party is both a declaration of political upheaval and a signal for speculation in the crypto space.
Market reaction: Meme coins soar while the entire network faces liquidation.
'American Party' concept coins surge violently: Within hours of Musk officially announcing the establishment of a political party, the token America Coin on the Solana chain saw its market value skyrocket by 120%, surpassing $18 million, topping the DexScreener popularity chart. A large number of red, white, and blue themed tokens emerged on Pump.fun and LetsBonk.fun, as speculators frantically bet on the 'Patriotic Meme Season' taking advantage of Independence Day and political hype.
Mainstream coins under pressure: Escalating conflicts trigger market panic, Bitcoin drops 1.5% in 24 hours, Ethereum long positions liquidate over $9 million, total liquidation across the network reaches $70.17 million, with 52,000 people washed out. Dogecoin plummets 4% due to Trump's 'Doge warning' remarks, confirming the deadly attraction of the 'Matt conflict' on the coin market.
Deep impact: Political narratives become a new lever in the crypto market.
'Policy volatility' replaces technical indicators: Trump counters Musk's remarks about 'surviving on subsidies,' suggesting strengthened corporate scrutiny, leading to a 5% drop in Tesla's stock price in a single day. If the political game continues, the crypto market may replicate the June 'Matt conflict' that caused $1 billion in liquidations.
Regulatory changes are expected to heat up: If Trump is re-elected, the SEC chairman may be replaced by someone from the Robinhood camp, pushing for friendly regulation; meanwhile, Musk is integrating payments through the X platform, which may accelerate the binding of SocialFi and Meme coins. The struggle between the two will reshape the compliance path for crypto assets.
Speculation warning: Patriotic hype coexists with pump-and-dump traps.
Currently, most 'American Party' tokens are spontaneously issued by the community, and Musk has not endorsed any projects. Historical experience shows that the similarly named token, The American Party, collapsed in market value due to the Matt settlement. The success rate of new coin launches on the Solana chain, where hot money is flooding in, is less than 1%, and players should be wary of the 'faded flag' after the Independence Day market.
Tang Seng's view: Musk's political wildfire has ignited the gambling table in the crypto space; where will the next fuse be? Keep a close eye on the X platform's 'Matt insults' updates. If Trump implements 'crypto subsidy sanctions,' DOGE and BTC may face a death cross!
Those holding spot positions, buckle up; prepare escape pods for those chasing meme coins—political whales battle, and it's the retail investors' blood that creates the waves.
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