Trump-related Political Finance (PoliFi) token is bucking low crypto market volatility. Trump’s memecoin is soaring, fueled by his increasing chances of winning the US election.

Solana-based tokens MAGA, MAGA HAT, and TREMP are seeing double-digit growth, even as the overall crypto market struggles.

Trump's election odds are at their highest in two months on Polymarket, according to the decentralized prediction market platform. Trump's odds on Polymarket are 55.5%, compared to Kamala Harris's 43.9%.

As the U.S. presidential election approaches, the cryptocurrency community is speculating about its potential impact. Analysts like Eric Balchunas have suggested that a Trump presidency could create a more crypto-friendly environment. Although Kamala Harris has been vocal in her support for cryptocurrencies, some fear that her victory could solidify the Democrats’ anti-crypto stance.

The cryptocurrency market is currently in a recession, largely due to higher-than-expected inflation. Bitcoin fell more than 4% on Thursday but recovered by Friday morning. At press time, Bitcoin was valued at $60,588, down 0.38% over the past 24 hours. Other prominent altcoins such as Ether (ETH) and Dogecoin (DOGE) have also seen significant declines of around 6%.

Overwhelming the larger cryptocurrencies, MAGA is up 10.21% over the past day. Memecoin is up a whopping 56% and 59% over the past week and month. MAGAHAT, trading at $0.061142, is not far behind, up 7.79% over the day, 37.5% over the week and 18.15% over the month.

Meanwhile, Doland Tremp is currently trading at $0.3793, marking the most notable performance among Trump memecoins. Memecoin has surged 178% in a month and 81.6% in a week.