Elon Musk’s ‘The America Party’ Could Spark a Meme Coin Frenzy—Here’s Why
Elon Musk’s rumored political venture, ‘The America Party,’ isn’t just shaking up the 2024 election—it could send meme coins into hyperdrive. The Tesla CEO’s knack for turning tweets into market moves has traders bracing for a speculative storm.
Why meme coins? Musk’s crypto track record speaks for itself. Dogecoin rallies, Bitcoin pivots, and now, a potential political play? The man turns chaos into collateral.
Market déjà vu. Remember when ‘Doge to the moon’ wasn’t just a meme? If Musk’s new party gains traction, expect the usual suspects—DOGE, SHIB, and a fresh crop of copycats—to ride the hype wave. Because nothing says ‘democracy’ like leveraging a cult of personality to pump shitcoins.
The kicker? This time, Wall Street’s watching. Institutional investors—who once scoffed at meme coins—now keep ‘Musk sentiment analysis’ tabs open. Irony’s dead, and your portfolio might be next.
Musk and Trump Fallout Again
Tesla CEO and crypto proponent Elon Musk publicly feuded with President Trump nearly a month ago, leading to a swarm of new meme coins.
Musk attempted to reconcile with the President shortly after, calming the markets, but conflict is starting again. As both parties hurl acrimonious rhetoric at the other, the meme coin community is taking full advantage.
If this insane spending bill passes, the America Party will be formed the next day.
Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.
Specifically, Musk is a staunch opponent of the Big Beautiful Bill on several levels. He opposes its high spending for ideological reasons, in line with his stance as a deficit hawk.
As an electric car manufacturer, he also dislikes the bill’s provisions for taxing green energy. Musk firmly believes that the bill will damage the US economy.
At this point, the feud is probably personal for both individuals. The US president has even threatened him with deportation. While the two men could reconcile again, at the current level, this fallout will likely extend.
Yesterday, Musk vowed to found a new political party if Trump’s budget bill became law. Musk already teased this action during the last feud, proposing to call this group “The America Party” (TAP).
Prediction markets like Kalshi already had odds on Musk creating TAP, and these spiked to 41% today. The Tesla founder also retweeted Kalshi odds, showing how serious he is about forming this new political party.
During last month’s fallout, a meme coin called ‘The American Party’ emerged on Pump.Fun’s decentralized exchange, PumpSwap. It even gained $5 million in market cap, but quickly flatlined after the feud seemingly ended.
After Musk’s tweets today, the TAP meme coin is rallying again.
On the surface, then, it looks like a straightforward opportunity. Elon Musk is a huge figure in the meme coin community, and his split with TRUMP is generating a lot of memes.
So, any developments in this feud, and also Musk forming a new political party, could potentially lead to a meme coin spree. On DexScreener, the trending meme coins show a clear trend of being inspired by American political events and stories.
The meme coin impact of today’s conflict is already very visible. Dogecoin, which is highly associated with almost anything Elon Musk does, dipped nearly 4% after Trump’s deportation threats.
So, a major political move by the Tesla founder could also impact Doge in any direction.
Overall, the US crypto market right now is heavily driven by political speculation.
So, it seems evident that this public conflict between the US president and the richest man in the world will, to some extent, have a notable impact on the meme coin market.
