Elon Musk has vowed to launch a third party if a big beautiful bill is passed, and that is becoming the law today. It's July 4th, and some “American Party” themed meme coins enjoy frenzied activities.
Still, the mask community vote shows more than 60% in favour of the plan, which is encouraging, but inconclusive. His previous efforts to boost the local race have failed, and this goal will be extremely difficult.
Can Elon Musk start a third party?
Here's July 4th, and one of President Trump's biggest legislative achievements is about to become law.
Yesterday, the big beautiful bill passed the final vote, removing the last major obstacle. However, Elon Musk vowed to split with Trump on the issue, claiming he would launch the American Party to compete with the Republican Party.
Musk has been talking about this third party for most of the last week, and he checks community feedback.
Votes in favor of the plan currently hold about 60% of community interest, but Elon Musk literally owns X. In other words, the plan does not seem to order overwhelming support, even within his core audience.
Naturally, Elon Musk is a huge figure in the Meme Coin sector, and his plan to launch a third party has produced a corresponding token.
As Tech CEO discussed plans to develop new institutions, the AP (US Party) has skyrocketed over 150%. It reached a market capitalization of $10 million and is currently the most trending token in DexScreener.
America Party (AP) Meme Coin created with Pump.Fun Rallies. Source: DexScreener
The Solana-based memecoin is one of five “American Party” tokens that have now become tokens after Musk's comments. Of course, today is also US Independence Day, so this could further spur the action of memecoin with patriotic branding.
Either way, Musk's previous feud with Trump has encouraged the memecoin deal, and he seems serious about the plan.
“One way to implement this (third-party plan) is to focus laser focus on districts of just 2 or 3 Senate seats and 8-10 homes. Given the thin legislative margins like razors, it is enough to serve as a rutary vote for controversial laws and ensures that it serves people's true will.
But Musk can be a very difficult time in the US to establish a third party. When he and Trump were close allies, Musk tried to raise some GOP races in Wisconsin, but this effort completely failed.
He still has ample resources, but this new challenge is extremely difficult.
That is, Pump.Fun traders have taken the opportunity to speculate about the proposed American party of Musk in some crypto trading.
The hype of the virus could continue among memecoin enthusiasts in the coming weeks, but it also promotes potential scams and more pump and dump schemes.
