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AP Token Surges 420% on Elon Musk’s ’America Party’ Speculation

AP Token Surges 420% on Elon Musk’s ’America Party’ Speculation

Author:
Global Cryptocurrency
Published:
2025-07-08 06:03:24
16
1
BTCCSquare news:

Elon Musk's announcement of a potential new political movement dubbed the 'America Party' has ignited a frenzy in the memecoin market. The AP token, bearing the same initials, skyrocketed 420% within hours despite having no confirmed ties to the billionaire. Traders are capitalizing on the branding coincidence, driving 24-hour volume to $23.78 million.

The broader memecoin sector rallied 5.46% as altcoins gained traction, with total crypto market volume spiking 38% to $3.37 trillion. Skepticism persists around AP's fundamentals—the project lacks transparent documentation or a clear roadmap, scoring just 48% on disclosure metrics. CoinMarketCap has issued disclaimers denying any Musk affiliation.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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