The moment Elon Musk unveiled his plans for an “America Party,” the crypto market did what it does best - leaping into action faster than any voter could blink. Within hours, a wave of patriotic-themed memecoins emerged in the Solana blockchain, with one token, namely, America Party (AP), leading the charge. In just a few hours, AP skyrocketed by 150%, shooting into DexScreener’s top ranks with a $10 million market cap.
AP was not alone for long. It was quickly joined by a band of meme-driven counterparts, all rallying under a “freedom, memes, and Solana” banner. The crypto surge conveniently aligned with US Independence Day, resulting in a digital spectacle—vivid and attention-grabbing, yet raising unanswered questions about who ultimately bears the financial risk.
The surge unfolded against the backdrop of Musk’s latest political pivot. After Donald Trump signed the so-called Big Beautiful Bill, Musk distanced himself from the White House and vowed to create his own party. Simultaneously, he resigned from the ironically named Department of Government Efficiency (DOGE), officially turning his political split from Trump into a headline-making exit.
Musk criticized the Big Beautiful Bill as a mistake, arguing it would saddle the US with unsustainable interest on national debt. Traders took Musk's political move as a clear signal that market momentum was likely on the rise.
