By Key Points
- America Party Meme Coin Surge Likely After Elon-Trump Feud.
- Musk hints at launching the America Party’s political group.
- TAP-themed meme coins are rallying after Musk’s latest tweets.
- Dogecoin dips amid rising political and market tensions.
Elon Musk is back in the headlines, and this time it’s not about Tesla or SpaceX. The billionaire entrepreneur is publicly clashing again with US President Donald Trump over the controversial “Big Beautiful Bill.”
Musk, a known crypto advocate and meme coin influencer, has threatened to launch a new political movement called The America Party (TAP) if the bill passes. And the crypto market is already reacting.
If this insane spending bill passes, the America Party will be formed the next day.
Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.
— Elon Musk (@elonmusk) June 30, 2025
On-chain data shows a rise in TAP-themed meme coins, with one such token called The American Party gaining traction again on decentralized exchanges like PumpSwap. This meme coin briefly reached a $5 million market cap during their last fallout in June, and now it’s showing signs of life again.
Speculation, not fundamentals, fuels the surge, and investors are watching Musk’s every tweet.
Prediction markets like Kalshi put the odds of Musk launching TAP at 41%, a figure that soared right after Musk retweeted the betting odds, making the idea feel more real than ever.
This feud may feel like political drama, but for the crypto crowd, it’s a signal—a meme coin season might be right around the corner.
Related: If you’re following hype-based moves, check out the Pi Network staking confusion that caught investors off guard.
🇺🇸 ELON: AMERICA IS GOING BANKRUPT QUICKLY, BUT EVERYONE IS WHISTLING PAST THE GRAVEYARD
“America is going bankrupt extremely quickly, but everyone seems to be whistling past the graveyard.
The Defense Department budget is a trillion dollars a year.
And interest payments on… https://t.co/3j3sLAVYFY pic.twitter.com/ZZcDzgQOHc
— Mario Nawfal (@MarioNawfal) July 1, 2025
Dogecoin Down While TAP Coins Rally
What’s interesting is that not all meme coins are benefiting equally. Despite Musk being one of Dogecoin’s most famous supporters, DOGE dipped by 4% shortly after Trump escalated the feud by threatening to deport Musk.
The market’s reaction? Mixed signals.
While newer tokens inspired by “The America Party” are rallying, legacy meme coins like DOGE are showing weakness. This highlights how fast narratives can shift in the crypto world, especially when real-world political drama plays a part.
BREAKING: Trump says he will ‘take a look’ when asked about deporting Elon Musk from the United States
— The Spectator Index (@spectatorindex) July 1, 2025
Earlier in June, the TAP meme coin surged when Musk first teased his political ambitions. It flatlined after tensions cooled. Now that the feud is back, so is the hype—and so are the speculative plays.
If this insane spending bill passes, the America Party will be formed the next day.
Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE.
— Elon Musk (@elonmusk) June 30, 2025
On DexScreener, dozens of new tokens referencing TAP, Trump, or “Big Beautiful Bill” have appeared. Most of them are likely pump-and-dump schemes. But the pattern is clear: political drama equals meme coin momentum.
BREAKING: Odds of Elon Musk creating a new political party in 2025 surge to 41%
The spike comes after Elon proposed forming the “America Party.”
Is it time for another choice in America? pic.twitter.com/unOElxotf7
— Kalshi (@Kalshi) July 1, 2025
Even though there’s no official confirmation that Musk will form a political party, the crypto world is betting he might. Traders are already pouring into low-cap tokens hoping to ride the next wave.
We’ve seen similar hype movements before, including the controversial North Korean hacker NFT theft that rocked NFT holders globally.
Will Musk Launch a New Party? Source: Kalshi – Techtoken
Could The America Party Meme Coin Go Mainstream?
While most TAP coins are currently small-cap and speculative, some in the community are starting to think long-term. If Musk seriously follows through on forming The America Party, it’s not unrealistic to expect the America Party meme coin could go beyond just a meme.
The American Party Meme Coin. Source: DexScreener – Techtoken
Crypto enthusiasts are drawing comparisons to DOGE and even PEPE, both of which started as jokes but gained massive attention. If Musk endorses a TAP coin or even hints at using one for fundraising or awareness, it could legitimize the project overnight.
There’s also the growing trend of political tokens being used to rally communities. From Trump’s NFT collection to the RFK Jr. Bitcoin campaign support, crypto is already entering the political space. A Musk-led political movement backed by a meme coin? That could be the next evolution.
That said, volatility remains a concern. TAP tokens are still highly speculative and unregulated. Without clear utility or backing, most of these coins could vanish as quickly as they appear.
Meanwhile, serious projects are building real utility. For example, Chainlink and Mastercard’s partnership is opening DEX access for over 2 billion users globally. These are moves that push the entire space forward, unlike hype-only meme coins.
Dogecoin Daily Price Chart. Source: Techtoken
And with new developments like the Gradient Network’s decentralized AI reshaping the Web3 space, the market is clearly split between speculation and substance.
Still, if anyone can bring meme coins to the political arena in a meaningful way—it’s Elon Musk. And the markets know it.
Also trending: Big institutional plays like the Invesco Galaxy Solana ETF show just how quickly crypto
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