Keynote
Following the announcement of the mask, Solana-based memecoin, named the American Party (AP), has surged by more than 150%, reaching a market capitalization of $10 million.
On Independence Day, high-tech billionaire Elon Musk vowed to form his own political party called the “American Party” as President Donald Trump passed the “Big Beautiful Building” on July 4th. Within hours, meme coins became the theme after Elon Musk’s party gained solid traction over the past few hours.
Musk is a critic of the beautiful bill’s voice that aims to raise the US debt cap to another $5 trillion. Tesla’s chief believes the bill will ultimately cover American taxpayers with an increase in debt payments. In a recent poll conducted on July 4, 60% of respondents voted “Yes” to have a new American party.
Independence Day is the perfect time to ask if you want to be independent of the two-party (called Uniparty) system!
Should we create an American party?
– Elon Musk (@elonmusk) July 4, 2025
American Party Meme Coin Trends Now
Tech billionaire Elon Musk is a big figure in the memecoin sector and his recent plan to launch a new political party has led the crypto community to jump on the opportunity to launch American party memecoin.
Elon Musk’s impact on the memecoin market was fully on display. The new token, known as the “America Party” (AP), has surged by over 150%, reaching a market capitalization of $10 million, making it the most trending token in DexScreener.
Solana-based Meme Coin has gained traction after Musk’s remarks. The timing of the US Independence Day spikes further encouraged interest in meme coins, including patriotic themes.
Elon Musk’s political ambitions are growing
Elon Musk has been the voice of the American Party’s plans since his split with Donald Trump over political policy and withdrawal from the Department of Government Efficiency (DOGE). Sharing more of his plans, Musk wrote:
“One way to implement this (third-party plan) is to focus laser focus on districts of just 2 or 3 Senate seats and 8-10 homes. Given the thin legislative margins like razors, it is enough to serve as a rutary vote for controversial laws and ensures that it serves people’s true will.
Solana-based American Party Meme Coin Rally – Source: TradingView
However, forming a new political party is not very easy for Musk.
Next
Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
Bhushan is a fintech enthusiast and has a good talent for understanding financial markets. His interest in economy and finance has attracted attention to new emerging blockchain technologies and cryptocurrency markets. He is constantly involved in the learning process and continues to motivate him by sharing the knowledge he has acquired. In his free time, he reads thriller fiction novels and sometimes explores his culinary skills.
X’s Bhushan Akolkar
