Most Trump Crypto Coins Bounced Back as His Hopes of Winning in the Upcoming Election Jumped

Most Trump tokens have soared MAGA (TRUMP), the biggest political token, jumped by 11.6% on Friday, while MAGA Hat (MAGA), Doland Tremp (TREMP), Super Trump (STRUMP), and Dark MAGA (DMAGA) soared by over 20%.

Most Trump crypto coins soared on Friday as hopes of his victory in the upcoming election soared.

According to the latest odds from Polymarket, Donald Trump is the favorite to win the November election with odds of 65.1%. Kamala Harris follows with odds of 34.6%.

The 30% spread is the biggest one that has happened since Harris joined the presidential race.

Data from other sources, such as PredictIt, also show that Trump is the candidate to beat in November. On the platform, Trump’s odds rose to 59% compared to Harris’ 42%.

Kalshi gives Trump a 61% chance of victory.

Mainstream scientific polls show that the race is close, with the two virtually tied in all background states.

However, Trump’s odds of winning rose after Harris held a town hall with CNN, one of the top cable stations in the US.

During the event, she struggled to answer most questions. She also delivered what some analysts, including David Exelrod, described as word salad city.

NEW: CNN’s Scott Jennings says Kamala Harris is a “double-threat” because she can’t think on her feet and can’t answer the expected questions.

CNN has railed on Harris after her town hall event.

Here are the top reactions:

6. Axelrod: She is word salad city.

5. Jennings:… pic.twitter.com/Mdrr46uzbz

Trump meme coins are not the only assets rising.

The Trump Media & Technology stock has soared by over 215% in the last 30 days, pushing its market cap to over $7.68 billion. This, in turn, has pushed Trump’s net worth to over $6.6 billion.

Rumble, a conservative-focused YouTube alternative, has also risen by 15% in the past 30 days as hopes of his victory continue.

To be clear: Trump-related coins are meme coins whose price action is based on hype. In this case, if he wins the election, these coins could continue doing well as most investors buy them.

If he losses the election, there are chances that they will drop initially.

Even if he wins, there is a risk that these gains will be short-lived because of a situation known as buy the rumor, sell the news. This is a situation where traders buy an asset ahead of a big event and then sell them when it happens.

Trump meme coins surge has coincided with those of other Solana tokens like Popcat, Cat in a dogs world, and Goatseus Maximus (GOAT), which have soared by double digits in the past few days.

As a result, the total market cap of all coins has jumped to a record high of $75 billion.