With the tariffs deadline looming, BTC and the rest of the altcoins dipped yesterday. BTC fell from $110,500 to $107,800. But apparently, Trump is teasing the market with another pause, at least for a few weeks, and the market bounced back. Meanwhile, Raydium, the major DEX on Solana, registered a notable $200 million in volume, mostly pushed by meme coins like Useless Coin, Fartcoin, and America Party.
Trump announces new 25% tariffs on Japan and Korea.
Market drops 450+ points.
And here we go again. pic.twitter.com/PLNZf8FMvP
— Maine (@TheMaineWonk) July 7, 2025
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Elon’s America Party Inspires A New Solana Memecoin as Traders Respond to Political News
While we’re more familiar with meme coins like Useless Coin and Fartcoin, America Party is a new meme coin that emerged after Elon Musk’s announcement that he intends to create a new political movement: the America Party. The move didn’t come as a surprise. The relationship between Trump and Elon was already strained: from disagreements over the “Big Beautiful Bill” to Elon publicly accusing Trump of appearing in the Epstein Files.
After laying low for a few days post-bill, tensions rose again with Elon announcing his third-party plans. As usual, crypto degens didn’t miss the chance and quickly launched several meme coins under the America Party name.
America Party, launched on Solana, is now sitting around a $31 million market cap, with $22 million in volume in the last 24 hours.
(APUSDT)
Also, Fartcoin recorded over $236 million in combined CEX and DEX volume, though the price dropped 7% in the same time frame. Moodeng followed with $80 million in volume. Useless Coin, after a crazy +4000% run in the last month, is registering now a -9% on the daily chart – an expected correction after such surge.
Overall, the crypto market remains in a neutral range on the Fear & Greed Index. Still, analysts expect altcoins to break out sooner rather than later —likely after BTC makes another solid leg up.
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Snort Crypto Bot Targets Meme Coin Bottoms As Presale Crosses $1.6 Million
With meme coins like America Party and Fartcoin still pulling strong volume on Solana, traders are looking for tools to catch the next move early, or exit at the right moment. Trading tools are evolving fast to adapt to the market needs and clearly the trend now is speed and affordability. With these features in mind, that’s where Snorter (SNORT) comes in.
SNORT is a Telegram-based trading bot designed for fast, onchain meme coin trading. It’s built for Solana but plans to expand to Ethereum and other chains. The SNORT token is now in presale and has already raised over $1.6 million.
The idea behind Snort is simple: make it easier to snipe new tokens, ape bottoms, and react faster than manual traders. The bot works directly in Telegram and offers features like copy-trading, custom auto-sniping at launch, and lower transaction fees for holders. Compared to Banana Gun or Maestro, Snort charges just 0.85% for active users, and its private RPC infrastructure helps avoid delays or failed transactions during volatile launches.
While many traders tried to buy the dip on Fartcoin or rotate gains from coins like Useless, timing still matters. Snort gives users a shot at better entries by letting them preset buying conditions and execute instantly.
SNORT token holders can also stake for up to 224% APY and get governance rights over future features. The token presale is ongoing, with a current price of $0.0975. Big wallets have already entered, including two buys totaling nearly $200,000.
Snort also recommends Best Wallet, a Web3 wallet that shows your presale balance and unlocks access to new launches. Tokens purchased in the presale are locked until the campaign ends, but staking rewards begin immediately.
For traders watching meme coin rotations closely, tools like Snort could help sharpen the edge. Visit the Snort website to learn more or buy into the presale using SOL, ETH, BNB, USDT, or USDC.
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Key Takeaways
- Tokens like Fartcoin, Moodeng, and Useless Coin pushed Raydium’s daily DEX volume to $200 million, showing strong retail activity.
- A new meme coin called America Party launched on Solana after Elon Musk hinted at starting a political movement with the same name.
- Despite price dips across Bitcoin and altcoins, analysts suggest meme coins may rally once BTC confirms its next upward move..
- Snorter, a Telegram bot for fast onchain trades, is gaining attention with its low fees, copy trading, and SNORT presale.
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