On July 4th – while America celebrates Independence Day – the crypto community shifts its attention to America Party (AP), a political-themed memecoin that surged over 150% within hours of Elon Musk's latest statement.
📣 What happened?
Elon Musk announced he might form a third political party – America Party – if the Big Beautiful Bill officially becomes law. As expected, this news triggered a FOMO wave in the memecoin market, particularly for the AP token deployed on the Solana network.
🔼 In a short time, AP reached a market capitalization of 10 million USD, climbing to the top of the trending charts on DexScreener. Not only AP, but a series of 'patriotic' styled memecoins are also seeing explosive trading volumes.
(Memecoin America Party (AP) | Source: Dexscreener)
📊 However, stay alert!
Although Musk has significant influence, the support for his plan currently stands at only 60%, which is not solid enough to ensure sustainability for the related tokens. Furthermore, relying on political news for speculation could lead to significant risks from pump & dump schemes, especially on memecoin platforms like Pump.fun.
⚠️ Advice for investors:
Keep a close eye on the political-financial developments surrounding Musk, but don't get swept up in the crowd effect. Analyze carefully before participating in any 'hot' memecoin trends.
