Trump-related meme coins rally following high Polymarket odds and endorsement from Elon Musk
- PolitiFi meme coins named after Donald Trump saw double-digit gains following a surge in his Polymarket odds.
- Trump's gap widened over Harris on Polymarket after the platform received an endorsement from Elon Musk.
- MAGA and SUPER TRUMP rallied over 30% in the past 24 hours.
Polymarket data on Monday revealed that Donald Trump's odds over Kamala Harris in the presidential race surged to 54%, establishing an 8% lead for the Republican candidate. Following the lead, Trump-based meme coins saw double-digit gains.
Donald Trump's lead on Polymarket spark surge in PolitiFi meme coins
Republican candidate Donald Trump secured an 8% lead over Kamala Harris in prediction marketplace, Polymarket, on Monday. The 54% to 45.5% gap is Trump's highest lead since Harris took over the Democratic spot.
Trump's recent lead follows Tesla and SpaceX billionaire CEO Elon Musk's indirect endorsement of Polymarket in an X post on Monday. Musk wrote that Polymarket odds are more accurate than election polls "as actual money is on the line."
The billionaire also jokingly suggested in a recent interview with political commentator Tucker Carlson that he could be imprisoned if Trump loses the upcoming elections.
Elon Musk is all in.
— Tucker Carlson (@TuckerCarlson) October 7, 2024
(0:00) Elon Musk Is All in on Donald Trump
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(9:22) If Trump Loses, This Is the Last Election
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(33:38) Vaccines
(35:49) The Movement to Decriminalize Crime… pic.twitter.com/jNqB1ThqQz
Donald Trump's chances also improved following the release of new polling data from Pennsylvania, where he currently leads Harris 56% to 44%.
This shift highlights a growing trend in the state's political landscape, indicating increased support for Trump as the election approaches.
Following the surge in election odds, PolitiFi meme coins rallied on Monday, with Trump-themed tokens rising over 30%.
MAGA and SUPER TRUMP posted gains of 33% and 37%, respectively, indicating increased positive sentiments among crypto investors toward a Trump win in the upcoming elections.
Author
Michael Ebiekutan
FXStreet
With a deep passion for web3 technology, he's collaborated with industry-leading brands like Mara, ITAK, and FXStreet in delivering groundbreaking reports on web3's transformative potential across diverse sectors. In addi
