America Party Meme Coin Surges 150% Amid Elon Musk’s Third-Party Political Hype

Elon Musk's Independence Day call for a new political movement has sparked a 150% rally in the America Party (AP) meme coin. The token briefly reached a $10 million market cap as the Tesla CEO floated plans to challenge the two-party system through his proposed 'America Party'. Market reaction mirrors Musk's outsized influence in crypto markets, where his tweets regularly move digital asset prices.

While Musk's X poll shows 60% support for the third-party initiative, skepticism remains about its political viability. Previous attempts to influence local elections yielded limited results, and the new effort faces steeper challenges. Nevertheless, the AP token's volatility demonstrates how Musk-related narratives continue driving speculative trading in low-cap crypto assets.