When Musk dives into the political arena with his new banner, meme coin enthusiasts seem to be ready to take advantage of the surge of hype.
Regardless, users are urged to remain vigilant against the potential pump-and-dump schemes that could arise behind this viral political saga.
Elon Musk officially declared the formation of the America Party, a new political movement aimed at challenging what he labels as a "one-party system" rife with fiscal waste and corruption.
This maneuver comes after his blunt criticism of the Big Beautiful Bill worth $3.3 trillion. This bill was recently signed by Trump, which Musk called "crazy" and "destructive" policies.
A meme coin named America Coin (AP)—born on the pump.fun platform—immediately soared 120%, achieving a market capitalization of over $18 million. Trading volume also surged as speculators rushed to buy, betting on Musk's influence and its accompanying viral potential.
