▪️Memecoins and tokens from the 'political sector' (polify) are experiencing extreme volatility after Musk announced plans to form his own political party.

▪️Some memecoins initially surged by hundreds of percent before crashing when Trump dismissed Musk's idea as hopeless.

▪️The 'American Party' memecoin (#AP) was created immediately after Musk's announcement and is currently trading +210%.