Elon Musk Is Ready to Launch ‘The America Party’ — Will Meme Coins Explode?
Jakarta, Pintu News – The spat between Elon Musk and President Trump has heated up again over the Big Beautiful Bill, with Musk threatening to launch a new political party if the bill is passed.
The America Party -themed meme coins have started to rise sharply in anticipation of this new initiative.
Check out the full information below!
Musk and Trump’s conflict reignites
Elon Musk, Tesla CEO and crypto advocate, had engaged in a public spat with President Trump almost a month ago, which sparked the emergence of various new meme coins. Musk attempted to reconcile with the President shortly after, which briefly calmed the markets.
However, the conflict heated up again. Musk threatened to form The America Party the next day if this crazy spending bill was passed. According to him, the country needs an alternative to the Democrat-Republican uniparty for the people to truly have a VOICE.
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Prediction Market and Crypto Market Reaction
Prediction markets like Kalshi were already predicting Musk’s chances of creating TAP, and these odds jumped to 41% today. The Tesla founder also retweeted Kalshi’s odds, showing his seriousness in forming this new political party.
During last month’s conflict, a meme coin called ‘The American Party’ appeared on Pump.Fun’s decentralized exchange, PumpSwap, and even reached a market capitalization of $5 million, but soon faded after the dispute seemed to be over. After Musk’s tweet today, the TAP meme coin is on the rise again.
Read also: ‘Big Beautiful Bill’ Passed by Senate, What’s the Fate of Crypto Assets?
Impact on Dogecoin and Other Meme Coins
Basically, this seemed like an obvious opportunity. Elon Musk is a big figure in the meme coin community, and his split with Trump generated a lot of memes. Therefore, any developments in this spat, as well as Musk’s formation of a new political party, could potentially trigger a meme coin boom.
On DexScreener, trending meme coins show a clear trend of being inspired by American political events and stories. The impact of meme coins from today’s conflict is already very visible. Dogecoin , which is strongly associated with almost everything Elon Musk does, dropped almost 4% after Trump’s deportation threat.
Conclusion
Overall, the US crypto market is currently heavily driven by political speculation. So, it seems clear that this public conflict between the US president and the richest man in the world will, at least to some extent, have a significant impact on the meme coin market.
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Reference
- BeInCrypto. Trump-Musk Feud Sparks America Party Meme Coin. Accessed on July 2, 2025
- Featured Image: Britannica
