Musk publicly supports Trump

On Saturday, Trump attended a rally in Butler, Pennsylvania, the United States. This was Trump's first rally there since his assassination attempt in July.

The biggest highlight of this campaign is that it invited a powerful ally - Elon Musk, CEO of the well-known electric car manufacturer Tesla and owner of the social platform X, to help. When Trump called When Musk's name was called, he jumped onto the podium with his hands in the air.

This was the first time Musk officially participated in Trump's campaign. On that day, he wore all black clothing, a baseball cap with "Make America Great Again" (MAGA) printed on it, and a shirt with "Occupy" printed on it. The black shirt with "Mars" written on it is particularly eye-catching.

After Musk took the stage, he issued a fierce criticism of the policies of the liberal government. Musk said that Trump is the "guardian of free speech" and accused the Democratic Party of trying to seize people's rights to speech and gun rights, and even deprive them of the basic rights to vote. Rights, he chanted: "Trump must win or this will be the last election in America."

Musk even said that if Trump wins the election, he will be appointed chairman of a committee dedicated to government efficiency. Such a proposal further consolidates his political relationship with Trump.

The alliance between Musk and Trump is no accident. As one of the most influential entrepreneurs in the world, Musk has always positioned himself as a defender of free speech, which coincides with Trump's slogans and ideas.

To this end, Musk also established a Super Political Action Committee (Super PAC) to support Trump and invested heavily in helping Trump win votes.

Musk: I am "Dark MAGA"

Interestingly, in his speech, Musk not only shouted Trump’s slogan: “Make America Great Again,” but also said, “Not just MAGA, I am Dark MAGA.”

What is Dark MAGA? As Trump's campaign slogan, MAGA stands for "Make America Great Again," but "Dark MAGA" has a deeper and more radical meaning.

The term Dark MAGA originated from an Internet meme parodying Trump, which portrayed Trump as an extreme and authoritarian figure. In the meme, Trump was portrayed as a leader who would defend American power at all costs. , the most common one is the Trump avatar with "red laser eyes", showing a visual style similar to the movie (Terminator).

Dark MAGA is popular among right-wing groups, especially among voters who believe the president of the United States should be tougher and more uncompromising, and it is certainly an important meme element that resonates with Trump.

Dark MAGA meme currency surges

Musk's "I am Dark MAGA" not only affected the political circle, but also made the cryptocurrency market see business opportunities. Someone found the meme coin of the same name - Dark MAGA ($DMAGA) launched in August this year, and The hype started.

According to data from CoinGecko, the $DMAGA currency rose by more than 316% in just a few hours after Musk’s platform, once touching a high of $0.01, but as of writing, it has fallen to only $0.004, showing that the fans The risk of speculation in Yincoin is still very high.

In fact, the price fluctuations of meme coins often rely on the popularity of current events and celebrity effects on social media, and $DMAGA coin is no exception. Its price surge is more due to the effect of Musk’s platform at Trump rallies, and It has no technical foundation or application prospects, so it is normal for it to plummet after a short burst.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.

This article is reproduced with permission from: CryptoCity

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