How the Crypto Market Reacted
Last week, Trump’s Big and Beautiful Law was passed in the United States. According to Musk, the president’s initiative is ”crazy” and ”destructive.” Therefore, he decided to create a party, which is now being actively discussed in both political and cryptocurrency circles.
What’s happening in the crypto market
Just a few hours after Musk’s statement, the America Coin (AP) memecoin was launched on the Pump.fun platform. Its price soared by 120%, and its capitalization reached $18 million. Trading volumes skyrocketed; speculators rushed to buy, expecting a repeat of the Dogecoin (DOGE) story. Traders have already dubbed AP the ”Dogecoin of politics,” although Musk himself has not endorsed the coin.
At the time of writing, almost…
