🚀 Elon Musk Launches “America Party” — Meme Coin $AP Surges 120% (then tumbles)
🔹 New political party “America Party” announced by Elon Musk
On July 5, Elon Musk took to X to declare the formation of the “America Party,” calling out the U.S. “one‑party system” and criticizing Trump’s recently signed $3.3 trillion “Big Beautiful Bill” as fiscally irresponsible nypost.com+11time.com+11wsj.com+11.
🔹 Flash rally in AP memecoin
Shortly after, a meme coin called America Coin ($AP) launched on Pump.Fun and spiked 120%, reaching a market cap of ~$18 million within hours pump.fun+9coinstats.app+9cryptonews.net+9.
🔹 Wild volatility follows
The token quickly crashed—losing around 70%—highlighting the dangers of politically driven flash pumps coinstats.app+2beincrypto.com+2binance.com+2.
🔹 Pump.Fun background
Pump.Fun is a Solana-based “fair-launch” memecoin factory where anyone can deploy new tokens instantly ainvest.com+12en.wikipedia.org+12wired.com+12.
🔹 Why it matters
This echoes the Dogecoin mania that followed Musk’s tweets in 2021—blending political theater with speculative crypto markets en.wikipedia.org+12cryptorank.io+12binance.com+12binance.com+2coinstats.app+2cryptonews.net+2. While the memecoin frenzy flares, experts warn of risky pump‑and‑dump schemes driven by hype, not fundamentals.
❓ Question for the community: Would you ride the hype wave of a politically-themed memecoin like AP?
