Donald Trump's lead over Kamala Harris on Polymarket has added to the volatility in the memecoin market. Polymarket data released on Monday revealed that Donald Trump's odds over Kamala Harris in the presidential race have risen to 54%, giving the Republican candidate an 8% lead. The top memecoins with Trump as their base saw double-digit gains.
Donald Trump ends up with the memecoin PotiFi
Republican nominee Donald Trump led Kamala Harris by 8% on the Polymarket prediction market on Monday. The 54% to 45.5% margin is Trump's largest lead since Harris took the Democratic seat.
Trump's recent endorsement comes after billionaire Tesla and SpaceX CEO Elon Musk indirectly endorsed Polymarket in his X post on Monday. Musk claimed that Polymarket's rates are more accurate than election polls.
Donald Trumpâs chances have also improved following the release of new polling data from Pennsylvania. She now leads Harris in Pennsylvania by 56% to 44%. The change reflects a growing trend in the stateâs political landscape, showing Trumpâs support growing as the election approaches.
PolitiFiâs meme coins bounced back on Monday after election interest spiked, with Trump-themed tokens gaining more than 30% in value. MAGA and SUPER TRUMP saw gains of 33% and 37%, respectively, indicating growing positive sentiment among crypto investors toward a Trump victory in the upcoming election.