Tech billionaire Elon Musk attended a rally for Republican candidate Donald Trump on October 5, stirring important market reactions, particularly amongst meme cash linked to the previous president.
The occasion came about in Butler, Pennsylvania, the location of an tried assassination of Trump in July.
Darkish MAGA Meme Coin Jumps 227%
Musk, the proprietor of social media platform X, arrived on the rally sporting a black blazer, an “Occupy Mars” shirt, and a black MAGA hat. His look marked an essential second in his rising political involvement within the impending US November elections.
Observers famous Musk’s attendance on the rally highlights his strengthening ties with Trump. Trump beforehand talked about that he would appoint Musk to go a authorities effectivity fee if re-elected. In the meantime, Musk has emerged as a outstanding Trump supporter, even internet hosting the previous president on a stay X Area session in August.
On the rally, Musk inspired the gang to register and vote in November, calling it “the most important election of this lifetime.” He harassed the urgency by urging attendees to get others concerned within the voting course of.
Learn extra: How Can Blockchain Be Used for Voting in 2024?
Throughout his speech, Musk referenced Darkish MAGA, a meme coin impressed by Trump. After his remarks, Darkish MAGA’s worth surged by 227%, reaching roughly $0.0073. Different meme cash additionally skilled features. MAGA (TRUMP) rose 3%, Doland Tremp (TREMP) spiked 10%, and Tremendous Trump (STRUMP) elevated 5%.
“As you can see, I’m not just MAGA. I’m dark MAGA,” Musk said.
In the meantime, this rally in meme cash comes as election odds on platforms like Polymarket shift. This displays a detailed contest between Trump and Vice President Kamala Harris.
Learn extra: 7 Sizzling Meme Cash and Altcoins which can be Trending in 2024
In response to Polymarket, Trump has a 50.4% probability of successful, whereas Harris’s odds are 48.5%. That is the closest contest the platform has seen since mid-September, highlighting the uncertainty surrounding the upcoming election.
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