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Elon Musk Announces "America Party
", The Cryptocurrency Market Reacts
In a major political shift, Elon Musk announced the formation of the "America Party" through his X account on July 5, 2025, causing immediate impacts on the crypto market. Musk's move marks a notable political advancement, leading to strong fluctuations in the crypto market as traders speculate about potential changes. Elon Musk, CEO of Tesla and SpaceX, announced the formation of the "America Party" through a live post on X. His statement came after disagreements with former President Donald Trump. Currently, there is no officially recognized leader or co-founder for this initiative. Today, the United States Party was founded to give you back your freedom. — Elon Musk, CEO, Tesla/SpaceX/X Musk's announcement has led to the creation of new tokens, America Coin (AP) and America Party (AMERICA), experiencing an immediate and significant increase in valuation. DOGE, a favorite currency of Musk, has seen a slight decrease in price during the same period. The sudden emergence of these tokens has caused a surge in trading, particularly on Solana exchanges, where retail investors dominate. This event has highlighted how political moves can quickly influence crypto dynamics. Although there is no support from any organization for the America Party or the associated verified tokens, this speculative trading model resembles previous famous coin launches. Feedback from well-known cryptocurrency figures is still very limited as regulatory agencies have not made any statements. The rapid response of the crypto market indicates Musk's significant influence on speculative trading trends. The lack of long-term forecasts reveals a typical pattern seen with politically themed tokens, primarily resonating within the retail trading community.