- PolitiFi meme coins named after Donald Trump posted double-digit gains after surging on Polymarket.
- The gap between Trump and Harris on Polymarket widened after the platform was endorsed by Elon Musk.
- MAGA and SUPER TRUMP rose more than 30% in the last 24 hours.
Polymarket data showed on Monday that Donald Trump’s margins against Kamala Harris in the presidential race rose to 54%, giving the Republican candidate an 8% lead. As a result of this lead, Trump-based meme coins recorded double-digit gains.
Donald Trump’s lead in the poll market has led to a rise in PolitiFi meme coins
Republican candidate Donald Trump managed to get an 8% lead over Kamala Harris in the Polymarket poll on Monday. The 54% to 45.5% margin is Trump’s largest lead since Harris took over the Democratic nomination.
Trump’s new directive follows Tesla and SpaceX CEO Elon Musk’s indirect endorsement of Polymarket in an X post on Monday. Musk wrote that Polymarket odds are more accurate than those from election polls “because real money is involved.”
The billionaire joked in a recent interview with political commentator Tucker Carlson that he could end up in prison if Trump loses the next election.
Elon Musk is in.
(0:00) Elon Musk fully aligned with Donald Trump
(6:35) Providing Starlink to Hurricane Helen victims
(9:22) If Trump loses, this will be the last election
(21:49) Epstein and Diddy’s client list
(33:38) Vaccines
(35:49) The movement towards decriminalization… pic.twitter.com/jNqB1ThqQz— Tucker Carlson (@TuckerCarlson) October 7, 2024
Donald Trump’s chances also improved after the release of new polling data from Pennsylvania, where he currently leads Harris 56% to 44%.
The change underscores a growing trend in the state’s political landscape that suggests growing support for Trump as the election nears.
Following the surge in election probabilities, PolitiFi meme tokens surged on Monday, with Trump-themed tokens gaining more than 30%.
MAGA and SUPER TRUMP recorded gains of 33% and 37%, respectively, indicating an increasingly positive attitude among crypto investors regarding Trump’s victory in the upcoming elections.