Amid political discord in the U.S., significant changes are happening in the cryptocurrency world. The conflict between Donald Trump and Elon Musk has led to the creation of a new memecoin.
Beginning of the Trump-Musk Conflict
The conflict between Elon Musk and Donald Trump began when Musk left his position as head of the Department of Government Efficiency. This decision drew criticism from the president, which was discussed in the Oval Office. Reports indicated that tensions had been building since spring 2025 when Musk publicly opposed Trump’s tax bill, calling it a 'financial disaster.' In turn, Trump accused Musk of misunderstanding economic strategy.
Introduction of America Coin
Just hours after Musk’s announcement about forming a party, the America Coin (AP) memecoin was launched on the Pump.fun platform. Its price soared by 120%, reaching a market capitalization of $18 million. Speculators rushed to buy the coin, hoping for a repeat of the Dogecoin story, although Musk has not endorsed this cryptocurrency.
Cryptocurrency Market Amid Political Changes
Currently, almost the entire ranking of popular cryptocurrencies on DEX Screener features tokens related to the America Party and Musk. In the last 24 hours, the price of the America Party (AMERICA) coin on Solana has surged by over 12,000%. However, Dogecoin, Musk's favorite memecoin, saw its price fall by 0.3% over the same period.
The conflict between Trump and Musk continues to gain traction and influence the cryptocurrency market, where new initiatives lead to sharp price fluctuations and public discourse.
