Elon Musk’s recent call for a single-issue, rich-guy political realignment with the “America Party” has triggered a wave of interest in other related meme coins. The announcement, intentionally made just ahead of U.S. Independence Day, sent a wave of attention towards politically inspired cryptocurrencies. One specific Solana-based meme coin, called America Party (AP), recently experienced an astonishing price surge. Musk’s ideal version of the America Party would have enough power in Congress by winning major creates change within four years. This lofty plan has the attention of the crypto community.
Musk's America Party Vision Fuels Crypto Frenzy
We don’t know much yet about Musk’s America Party—so it’s premature to declare a death knell just yet. Their personal friendship fizzled out when he divided with Donald Trump over ugly-sounding political policies. Then, he resigned from the Department of Government Efficiency (DOGE). He envisions the America Party playing kingmaker on key legislation. That would go a long way in making sure those laws really do represent the public’s will.
"One way to execute on this [third party plan] would be to laser-focus on just 2 or 3 Senate seats and 8 to 10 House districts. Given the razor-thin legislative margins, that would be enough to serve as the deciding vote on contentious laws, ensuring that they serve the true will of the people." - Elon Musk
To gauge public sentiment, Musk conducted a poll on July 4, revealing that 60% of respondents favored the creation of a new America Party. We can reward Musk’s ire. Musk publicized his displeasure with the “Big Beautiful Bill.” This bill would increase the US debt limit by wait for it $5 trillion.
Meme Coins Capitalize on Political Momentum
Predictably, the crypto market has reacted quickly to Musk’s newfound political aspirations. On Independence Day, a wave of meme coins themed around the America Party emerged, capitalizing on the heightened political discourse. The Solana-based America Party (AP) meme coin pumped more than 150% today. Consequently, its market capitalization vaulted to a staggering $10 million.
This explosion of activity occurs on a day devoted to American independence. Consequently, it has renewed interest in these patriotic-themed meme coins. The America Party token has now launched on the Solana blockchain. It’s one of five tokens of the same name that have been gaining momentum since Musk’s comments.
Challenges Ahead for America Party
So far, the response to Musk’s America Party idea has been incredibly positive. Yet creating a new political party will be difficult. Indeed, he has promised to create America Party, or “America Party,” on July 4, Independence Day.
"Independence Day is the perfect time to ask if you want independence from the two-party (some would say uniparty) system! Should we create the America Party?" - Elon Musk
Musk's tweet on July 4, 2025, served as a catalyst for the meme coin rally and underscored his commitment to challenging the existing two-party system.
