đ· #MuskAmericaParty : When Politics and Crypto Meet on X đ±đłïž
On July 5, 2025, Elon Musk officially announced the creation of the "America Party" after a vote among followers on X, where about 80% approved the idea. The decision was motivated by Musk's disagreement with Donald Trump's controversial One Big Beautiful Bill, which proposed extensive tax cuts and reductions in incentives for renewable energyâsomething Musk labeled as "insane".
Trump reacted with attacks, threatening to investigate Musk's companies through the DOGE agency and even suggesting his deportation, marking a drastic rupture between the two.
---
đ Impact on the Crypto Market
The news generated volatility in memecoins: assets like the newly created "TAP"âbased on the partyâfluctuated between spikes and drops, with capitalization reaching about $5 million at moments of hype.
The price of DOGE fell nearly 4% after the escalation of the conflict, reflecting the market's sensitivity to political movements influenced by Musk.
Analysts warn that the dispute may generate regulatory uncertainty, impacting the risk perception of crypto in general.
---
đ€ What to Watch Going Forward
1. Thematic memecoins: spikes and drops can happen quickly as news emerges.
2. Crypto regulation: if the party gains traction, it could lead to more favorable proposalsâor political retaliation.
3. Sentiment on X: Musk continues to use the platform to engage followers; any tweet can cause waves in the market.
4. Technical movements: traders may explore the support/resistance limits of assets linked to the TAP narrative.
