Elon Musk officially announced the formation of the America Party, a new political movement aimed at challenging what he called a “one-party system” driven by fiscal waste and corruption.
The move follows his outspoken criticism of Trump’s recently signed $3.3 trillion Big Beautiful Bill, which Musk has called “insane” and “destructive.”
The announcement sent shockwaves across both political and crypto circles.
By a factor of 2 to 1, you want a new political party and you shall have it!
When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.
Within hours, a meme coin named America Coin (AP)—created on Pump.Fun soared 120%, reaching a market cap of over $18 million. Trading volumes spiked as speculators rushed in, betting on Musk’s influence and virality.
While Musk has not directly endorsed the coin, traders interpreted the timing as symbolic, mirroring Dogecoin’s surge during his 2021 social media blitz. Some are already dubbing it “the Dogecoin of US politics.”
The meme coin’s rapid rise reflects growing interest in politically charged meme assets, which blend real-world narratives with speculative trading.
As Musk enters the political arena under his own banner, meme coin enthusiasts are seemingly prepared to leverage the hype.
Users are cautioned to watch out for pump-and-dump schemes surrounding this viral political saga.
A Bitcoin investor recently unlocked a fortune after redeeming a physical Casascius bar he bought in 2012 — but not without a costly mistake.
Known as “JohnGalt” on Bitcointalk, the early adopter revealed he had been holding a 100 BTC Casascius bar for over 13 years. He purchased it for just $500 when Bitcoin was trading at $5.
Pressure of Physically Holding $10 Million Bitcoin
JohnGalt shared technical details of the process with the forum. He initially tried using Electrum on Android to sweep the funds but ran into compatibility issues with mini private keys.
Eventually, he turned to bitaddress.org to convert the mini key into a usable format. He created new wallets with Trezor Suite and manually sent the BTC to secure addresses.
He confirmed the funds had safely moved before publicly revealing the bar’s redemption.
A Costly Oversight: Bitcoin Cash Claimed by Stranger
In a crucial misstep, JohnGalt posted a photo of the Casascius key online without first claiming Bitcoin Cash (BCH) — a major fork of Bitcoin.
Because BCH uses the same private key system, someone watching the forum thread swept the BCH just nine minutes after the post. He estimated the lost BCH to be worth over $40,000.
The crypto community responded with a mix of admiration and sympathy. Many praised his nerves, calling him a legend for holding through 13 volatile years.
Others shared fears over physical coin storage risks — including fire damage, adhesive failure, and floods — that could destroy tamper-evident holograms or keys.
Several users noted the emotional and logistical weight of holding unredeemed coins, echoing the anxiety of storing physical assets worth millions.
Despite redeeming the BTC, JohnGalt confirmed he won’t sell the now-empty bar — which remains a valuable piece of early Bitcoin history.
BONK has experienced a notable price rise recently, helping investors recover much of their earlier 2025 losses.
Despite this progress, the altcoin still has significant ground to cover before fully reversing the year’s downturn. Positive signals from investors and market indicators suggest a rally may be on the horizon.
BONK Nears Bullish Trigger
Technical analysis reveals BONK is approaching a Golden Cross, as the 50-day EMA nears overtaking the 200-day EMA. This crossover is widely regarded as a strong bullish signal, often triggering upward momentum.
For BONK, this event could mark the end of nearly four months of bearish pressure and kickstart a sustained price increase.
Investors are increasingly optimistic, with growing confidence reflected in trading volumes and sentiment. The anticipation of the Golden Cross is fueling buying interest, which is expected to amplify bullish momentum and help BONK reclaim lost value.
The Chaikin Money Flow (CMF) indicator supports this optimism, showing consistent capital inflows into BONK over recent weeks.
These strong inflows suggest investors are actively accumulating BONK, further strengthening its price foundation. The broader crypto market’s positive trends enhance this momentum, positioning BONK to benefit from growing demand.
As market confidence rises, BONK is likely to continue attracting investments, providing the fuel necessary to sustain its rally. The alignment of bullish technical indicators and market dynamics reinforces the probability of further gains in the near term.
Currently, BONK trades at $0.00002130 and faces resistance at $0.00002285. To fully recover the losses recorded since the start of 2025, BONK must climb approximately 77%, reaching $0.00003769.
Although this target may take time, the immediate focus is to breach and hold $0.00002748 as support.
Securing this support level is crucial for maintaining the bullish trajectory. If BONK successfully flips $0.00002748 into a support zone, it will likely continue its upward climb, gradually working toward higher price points and restoring investor confidence.
Conversely, failure to hold the $0.00002285 resistance could trigger a reversal. A drop below $0.00001995 and further to $0.00001779 would undermine the bullish outlook, potentially leading to renewed selling pressure and a return to bearish conditions.
