Elon Musk’s Third-Party Threat Gains Traction—And Meme Coins Are Riding the Wave
The Big Beautiful Bill is set to become law today, just in time for the 4th of July. And Elon Musk isn’t happy about it. Over the past week, he’s floated the idea of launching a new political party—the “America Party”—if the bill passed. Well, it did. And now, the internet is running with it.
Musk polled his followers on X (the platform he owns) to gauge interest, and about 60% seemed on board. That’s not a landslide, though. And let’s be honest—when the poll happens on your own platform, the results might not be entirely neutral. Still, the idea has sparked more than just political chatter.
Meme Coins Jump on the Bandwagon
Of course, where Musk goes, meme coins follow. A Solana-based token called “America Party” (AP) surged over 150% after his comments, hitting a $10 million market cap at one point. It’s not the only one, either. At least five different “America Party”-themed tokens are trending right now, fueled by Musk’s vague plans and, let’s face it, the fact that it’s Independence Day.
Whether this is just hype or something more, traders are piling in. DexScreener shows AP as one of the most active tokens today. But let’s be real—these things tend to flare up fast and fade even faster.
Musk’s Political Play: Easier Said Than Done?
Musk isn’t just tweeting about this. He’s laid out a rough strategy: target a handful of key Senate and House races to gain enough leverage in Congress. “Given the razor-thin margins,” he wrote, “that would be enough to serve as the deciding vote on contentious laws.”
Sounds simple, right? Except it’s not. Musk tried boosting GOP candidates in Wisconsin not long ago, and that effort went nowhere. Starting a whole new party? That’s a whole different level of difficult. The U.S. political system isn’t exactly built for third parties to thrive.
But hey, if anyone has the resources to try, it’s Musk. Whether he’s serious or just stirring the pot is another question.
The Risks of Riding the Hype
For now, the meme coin frenzy is the most tangible outcome. And while it’s fun to watch, these spikes often end badly for latecomers. Pump-and-dump schemes love moments like this, and scammers are probably already circling.
So yeah, the “America Party” might be a fleeting crypto trend, a serious political move, or just another Musk thought experiment. Either way, it’s giving traders something to talk about on a holiday—and maybe that’s the point.
