Donald Trump widens the gap: Memecoin market is on the move!
Donald Trump's advance over Kamala Harris on Polymarket has increased volatility in the memecoin market.
Polymarket data released on Monday showed that Donald Trump's chances against Kamala Harris in the presidential race have increased to 54 percent, giving the Republican candidate an 8 percent lead. Leading Trump-based memecoins saw double-digit gains.
PotiFi memecoins see Donald Trump take a wind
Republican candidate Donald Trump gained an 8 percent lead over Kamala Harris on the Polymarket prediction market on Monday. The 54 percent to 45.5 percent lead is Trump's largest lead since Harris took over the Democratic seat. Trump's recent lead comes after Tesla and SpaceX billionaire CEO Elon Musk indirectly endorsed Polymarket in an X post on Monday. Musk said Polymarket odds are more accurate than election polls.
Donald Trumpâs chances have also improved following the release of new polling data from Pennsylvania. He currently leads Harris 56 percent to 44 percent in Pennsylvania. The shift points to a growing trend in the stateâs political landscape, suggesting that support for Trump is increasing as the election draws near.
Following the surge in polling numbers, PolitiFiâs meme coins rebounded on Monday, with Trump-themed tokens gaining over 30 percent. MAGA and SUPER TRUMP gained 33 percent and 37 percent, respectively, suggesting that positive sentiment among crypto investors is growing toward a Trump win in the upcoming election.
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