Trump Memecoin Rallies 246% As Kamala Harris’ Odds of Winning Election on Polymarket Dip
The biggest Donald Trump-inspired memecoin on the market has exploded off its lows as the former president’s odds of winning the November election increase. After hitting $1.64 on September 24, TRUMP (MAGA) ran up to $5.67 by October 7th, a 246% rally in just under two weeks. The move coincided with Donald Trump taking the lead on crypto betting platform Polymarket’s “Presidential Election Winner 2024” portal. Source: Polymarket MAGA is currently trading at $4.37 with a market cap of $201.1 million. Trump now has a 52.6% chance of winning the November 5th election compared to Kamala Harris’ 46.7%, according to Polymarket. The Republican nominee made crypto part of his campaign earlier this year, arguing that the US should revive its digital asset industry to become the “crypto capital of the planet.” He also backed the launch of his own crypto platform World Liberty Financial (WLFI) – though details on the project are s...