Trump Meme Coins Surge as Traders Bet on Election Outcome: High-Risk Gamble or Strategic Play?
Trump-themed meme coins are seeing an explosive rally just one day before the U.S. elections. Traders are betting on the possibility of a Trump victory against Kamala Harris.
With names like “Trump AI” and “King Trump” these tokens are gaining traction, even though many investors know this is a high-risk bet.
Polls and US Election Forecasts: Donald Trump Or Kamala Harris?
The latest polling data shows a neck-and-neck race, making the upcoming U.S. elections one of the most closely watched in recent history.
According to recent aggregate polls, Trump is slightly behind Kamala Harris, the Democratic candidate who stepped in after President Biden chose not to seek re-election. However, the narrow margins lead traders to assume a possible surprise.
Several independent polls indicate that Harris currently holds about a 2-4% national lead, but swing states like Pennsylvania and Florida remain too close to call.
How Might The Market React Depending On Who Wins The Election?
If Trump emerges victorious, markets could see a rally in sectors like defense, fossil fuels, and financial services, as Trump’s policies historically favor deregulation and domestic energy production. The crypto market may also benefit in the short term. However, this is highly speculative, and meme coins themselves are extremely volatile.
In contrast, if Kamala Harris wins the election, there might be an initial strong pullback in Trump-themed meme coins. As a candidate, Harris is generally viewed as more conventional and predictable in her policy approach, favoring regulation and green energy initiatives.
Experts agree that even if Kamala wins, Bitcoin should not suffer too much from the result. They expect a possible initial pullback but remain bullish on the future of crypto and BTC.
Both of these will be 50M minimum imo
Big election meta brewing
Placed my bets $DMAGA & $47
LETS GET READY TO RUMBLE pic.twitter.com/TfaSdRP8BQ
— shamrock (@Shaammrock) November 4, 2024
Low Cap President Trump (47) Is up 12x From the Bottom, And Dark Maga Up +40%
The surge in Trump-themed meme coins highlights how interconnected financial markets have become with social and political events. It remains to be seen whether this will become a profitable gamble for some or a bitter disappointment. With the election just a day away, the outcome is more uncertain than ever.
(47/USDT)
One such coin, 47 token, which has been growing in popularity heading into the election, is showing tremendous strength, with an emergent double-bottomed support pattern on the long-time frame teasing a potential breakout if President Trump is re-elected.
DISCOVER: These Are The Hottest Meme Coin Presales in 2024
PEPE Unchained Viral As Almost $25M Rushes Into New Meme Coin Layer-2
Pepe Unchained is sending a shockwave through the PEPE community as more than $23M in capital rotates to presale fund a new PEPE layer-2 scaling solution built for high-octane meme coin trading.
Backed by a vibrant community of aspiring degens and kek lord builders, Pepe Unchained is going viral on X and Telegram while amassing millions in funding at lightning speed.
But it’s not just the retail crowd that’s enchanted; the whales have also made a splash, showcasing their confidence in the project with massive purchases.
On October 21, one whale made waves by swallowing up $53,563 worth of ETH for an impressive 4.6 million $PEPU tokens, following a prior purchase of 5 million $PEPU tokens for about $50,000 earlier in the month.
Ethereum Transaction Hash (Txhash) Details | Etherscan
These huge pumps of capital into the Pepe Unchained presale are the crypto community’s way of flipping the bird to the “Sleepy Joe” coins of the Pepe scene, such as Pepe (PEPE) and PepeCoin (PEPECOIN).
With such strong support, Pepe Unchained will likely attract even more investment ahead of its exchange debut.
Many, including crypto influencer Jacob Crypto Bury, believe that $PEPU could deliver a remarkable 10x return, further igniting excitement among potential investors.
You can invest confidently, as Coinsult and SolidProof have thoroughly audited Pepe Unchained’s smart contract and found no critical issues.
Grant applications are now open on the project’s website for developers interested in bringing their innovative ideas to life on the Pepe Unchained L2 chain.
To apply, fill out a brief form and receive a confirmation email. The Pepe Council will review submissions continuously and award grants to selected projects.
EXPLORE: Harris Odds Rise on Polymarkets: What Will Happen With US Election Crypto?
Join The 99Bitcoins News Discord Here For The Latest Market Updates
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.