Market expects Trump-Musk interview, PolitiFi meme coins rise
Trump-themed coins rose when he announced an Elon Musk interview.
MAGA, STRUMP, and TREMP gained after the news.
The crypto community was surprised when Kamala Harris chose crypto-hostile Tim Walz as her running partner.
After a series of presidential election events, including an August 12 interview with Tesla and SpaceX CEO Elon Musk, PolitIFi meme coins, styled after Republican contender Donald Trump, rose on Tuesday. Some crypto community members believe the Minnesota governor is anti-crypto, and the Harris-Walz Democrat ticket has drawn criticism.
MAGA, STRUMP, and TREMP tokens rise despite DJT investor drop PolitiFi coins, named after Republican presidential contender Donald Trump, rose after an announcement of an interview with Elon Musk on August 12.
Musk publicly endorsed Trump as his presidential candidate, but the interview contents remain unknown. Crypto community members say this step is crucial for the Trump campaign, which has been pro-crypto for months.
Trump-themed tokens like STRUMP, TREMP, and MAGA gained 16%, 4%, and 6% after the news.
Increasing Trump-themed currencies may indicate crypto community support for the former President.
Meanwhile, bitcoin prediction site Polymarket showed that consumers still believe Trump would win November. Trump leads with 52%, while Harris trails with 46%.
This follows Vice President Kamala Harris' selection of Minnesota Governor Tim Walz as her presidential running partner. VanEck's Head of digital assets Matthew Sigel said Walz was a big role in the party's election choices but supported stringent crypto rules.
After an insider with over 20% of the DJT token sold its holdings, the token fell 91% in 24 hours. Martin Shkreli, the token's developer, said Barron Trump was engaged in the initiative, but Trump denied it.
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