Elon Musk promised to establish a third party if the Big Beautiful Bill is passed, and today it is becoming law. Today is July 4th, and some meme tokens with the "America Party" theme are experiencing active trading.
However, Musk's community poll shows over 60% support for this plan, which is encouraging but not decisive. His previous efforts to promote local races have failed, and this goal will be much more challenging.
Can Elon Musk Establish a Third Party?
July 4th has arrived, and one of the greatest legislative achievements of President Trump is about to become law.
Yesterday, the Big Beautiful Bill passed its final vote, removing its last major obstacle. However, Elon Musk has promised to separate from Trump on this issue, declaring that he will establish the America Party to compete with the Republican Party.
Musk has been discussing this third party for most of the week, and he is testing community feedback.
Currently, votes supporting this plan account for about 60% of community interest, but Elon Musk actually owns X. In other words, the plan does not seem to receive overwhelming support, even among his core audience.
Naturally, Elon Musk is a major figure in the meme token field, and his plan to establish a third party has created a corresponding token.
When this tech CEO discussed plans to develop a new organization, AP (America Party) increased by over 150%. It reached a market capitalization of 10 million USD and is currently the most popular token on DexScreener.
America Party (AP) Meme Token created on Pump.Fun is surging strongly. Source: DexScreenerThis Solana-based meme token is one of the five "America Party" tokens currently trending after Musk's comments. Of course, today is also America's Independence Day, so this could further drive action for patriotic-branded meme tokens.
In any case, Musk's previous disputes with Trump have driven meme token trading, and he seems serious about this plan:
"One way to implement this [third party] plan is to focus on just 2 or 3 Senate seats and 8 to 10 House districts. With a thin legislative margin, that would be enough to play a decisive voting role on controversial laws, ensuring they serve the people's true will," Musk declared on social media.
However, Musk may face significant challenges in establishing a third political party in the US. When he and Trump were close allies, Musk tried to promote some Republican Party races in Wisconsin, but this effort completely failed.
He still has many resources, but this new challenge will be much more difficult.
All of that said, traders on Pump.fun are taking the opportunity to speculate on the America Party that Musk proposes with some crypto trades.
Although the hype may continue among meme token enthusiasts in the coming weeks, it will also drive potential scams and more pump and dump plans.
