Trump meme coins see double-digit gains
#Memecoins🤑🤑 named after #donaldtrump , known from the PolitiFi platform, have experienced a significant surge after his chances of winning the presidential election rose on Polymarket. Elon Musk’s support also played a crucial role in this development. Over the past 24 hours, MAGA and SUPER TRUMP tokens have increased by more than 30%.
Trump’s lead on Polymarket boosts interest in meme coins
On the Polymarket prediction market, Donald Trump secured a substantial lead over Kamala Harris, with odds standing at 54% to 45.5%. This 8% lead marks Trump’s largest advantage since Harris became the Democratic candidate.
Trump’s lead was supported by Elon Musk, who, in a post on social media platform X, stated that Polymarket odds are more accurate than traditional polls because “it’s real money.” Musk even jokingly mentioned that he could be jailed if Trump doesn’t win the upcoming election.
Trump’s chances improve with support in Pennsylvania
Trump’s odds further improved following the release of polls from Pennsylvania, where he leads Harris by 56% to 44%. This shift highlights the growing support for Trump as the election approaches, significantly boosting his chances of victory.
PolitiFi meme coins on the rise
After the rise in Trump’s election odds, meme coins themed around Trump from the PolitiFi platform saw substantial gains on Monday. #MAGA tokens surged by 33%, while SUPER TRUMP rose by 37%. This growth suggests that crypto investors are placing their bets on Trump’s victory in the upcoming presidential election.
What do you think?
With Trump-themed meme coins surging and support for the former president growing, how do you think this will impact the crypto space and the 2024 election? Are these meme coins a smart investment or just part of the hype? Let us know your thoughts in the comments below! We'd love to hear your take on this exciting trend!
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