Musk's endorsement coincided with a remarkable 20% rally in the MAGA cryptocurrency, linked to Trump's political brand, which rose to $3.62. Trading volume in MAGA also soared by 130%, indicating heightened investor interest following Musk's remarks.

After Trump's MAGA Memecoin surged 52% following an assassination attempt, as previously discussed in a recent CNF update, SpaceX and Tesla CEO Elon Musk made headlines at a Donald Trump rally in Butler, Pennsylvania by voicing his support for Trump while donning a "Make America Great Again" hat and dubbing himself "Dark MAGA."

Observers point to Musk’s ability to influence market sentiment, potentially creating broader bullish momentum in the digital asset space as the US election approaches. In another CNF note, Musk stated that Dogecoin is more suitable for transactions than Bitcoin. At the time of writing, Dogecoin (DOGE) is trading at $0.1125, having risen 0.70% over the past day, but down 6.03% over the past week.

Friends, In his speech, Musk stressed the importance of Trump winning the upcoming US election, calling it essential to preserve democracy and the Constitution. His support has increased the odds of Trump winning the election, with market data showing Trump leading Kamala Harris by 50.6% to 48.7%.

Friends, this important businessman, as I have told you, has influence in North Americans and in cryptocurrencies.

Thank you for supporting me.