Editor's PiCK
Meme coins flood the market following Musk's founding of the 'America Party'
Summary
- Reports say that after CEO Elon Musk officially confirmed the founding of the new party 'America Party', the meme coin with the ticker 'america' is drawing significant attention.
- The 'america' meme coin has soared over 10,000% in just about 4 hours, reaching a market capitalization of $6.3 million.
- Musk's official announcement of the new party is seen as the catalyst behind the influx of investors into meme coins.
Elon Musk, CEO of Tesla, officially confirmed the founding of the new party 'America Party', drawing attention to a meme coin with the ticker name 'america' in the market.
According to Dexscreener's trending crypto asset rankings as of the 6th (KST), meme coins related to Musk's America Party, such as america, AMERICA, and AP (America Party), are dominating the top positions.
The meme coin 'america', which currently holds first place on the ranking, is a newly launched crypto asset created about 4 hours ago, yet has already recorded a rise of over 10,000% within just 4 hours. The current market capitalization of this meme coin is $6.3 million.
Analysts believe that the official announcement by CEO Musk, who had previously expressed dissatisfaction with President Donald Trump's tax cut policy and hinted at the creation of a new party, drove investors to flock to the meme coin following his declaration.
On this day, CEO Musk stated on the social media platform X (formerly Twitter), "For those of you who want a new party, you'll get it," and announced, "Today, the 'America Party' is launched to restore your freedom."
The America Party is scheduled to launch next year.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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