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– Ilon Musk announced the launch of “America Party” on July 4, criticizing U.S. financial policies and calling for policy changes.

A meme coin called America Coin (AP), created on the pump.fun platform, jumped 120% in a matter of hours to reach a market capitalization of $18 million.

Despite Musk’s lack of support, traders see AP as a politically charged Dogecoin-style play on Musk’s influence.

Elon Musk officially announced the formation of the American Party, a new political movement aimed at fighting what he called a “one-party system” fueled by waste and corruption.

The statement followed his outspoken criticism of Trump’s $3.3 trillion “Big Beautiful Bill, which Musk described as “insane” and “destructive.

The announcement caused a wave of surprise in both political and crypto circles.

With a 2-to-1 ratio, you wanted a new political party, and you’re going to get it!

When it comes to bankrupting our country through waste and extortion, we live in a one-party system, not a democracy.

Within hours, the America Coin (AP) meme coin created on Pump.Fun skyrocketed 120% to a market value of more than $18 million. Trading volumes soared as speculators rushed into the market, betting on Musk’s influence and virality.

Although Musk did not directly endorse the coin, traders took the moment as symbolic, mirroring Dogecoin’s 2021 surge on social media. Some have already dubbed it the Dogecoin of American politics.

The meme coin’s meteoric rise reflects the growing interest in politically charged meme assets that combine real-world events with speculative trading.