News

Political Memecoins And High-Stakes Bets Surge As Election Approaches

With election season heating up, political memecoins like $PEOPLE, $MAGA, $HARRIS, and $TRUMP are surging. In just the last 24 hours, $MAGA has jumped by 37%, $STRUMP by 45%, and $TRUMP by 10%.

As these tokens rise, political sentiment and cryptocurrency speculation are converging in unexpected ways.

Donald Trump has made his stance on crypto clear: he supports strong leadership, a Bitcoin reserve, and SEC reform. Kamala Harris has shown some interest in digital assets but remains more reserved in her stance.

Historically, post-election clarity has led to Bitcoin rallies, and this election could bring similar market swings.

Whale Bets On Harris Victory

In the past 11 hours, one major “whale” has staked $5 million in USDC on Polymarket, betting on a Harris victory.

The individual withdrew funds from Binance before transferring them to Polymarket, where a Harris win would return up to $10.87 million. This address, identified as 0x9ad…883, is now the largest Polymarket account betting on Harris.

Related Post

Meanwhile, the largest address betting on Trump, 0xd23…f29, recently doubled down with an additional $2.35 million, bringing his total bet on a Trump win to $14.13 million. If Trump wins, this account stands to make an $8.78 million profit. Should Harris win, the 0x9ad…883 address would secure around $5.85 million.

As November 6 draws closer, both memecoins and high-stakes bets are fueling market anticipation. These two top addresses now embody the battle between political optimism and risk-taking on digital platforms. With the outcome just days away, the crypto world watches eagerly to see who will win this unique financial wager.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: semenyaka/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Crypto Whale Sparks 8x Surge In $OPK Price with Massive Buy-in

A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…

2 hours ago

Early ENS Investor Transfers $2.47M To Binance Amid Upcoming Token Unlocks

An early investor linked to the $ENS token recently transferred 154,000 ENS tokens, valued at…

2 hours ago

Wintermute’s Memecoin Strategy: BABYDOGE Ranks Among Top 3 Holdings

In a surprising turn, $BABYDOGE has climbed to the top three in Wintermute’s memecoin holdings…

2 hours ago

$Pnut’s Meteoric Rise: How A Tragic Squirrel Inspired A Memecoin Sensation

The $Pnut memecoin recently soared past a $120 million market cap, creating unexpected wealth for…

2 hours ago

TRX Price Prediction: Tron Network Fee Cut to Spark New ATH?

Back into Spotlight: Tron Network Fee Cut Could Push TRX to ATH, But This DeFi…

11 hours ago

Altcoin Alert: Crypto Market Cap Breaches Key Level Hinting at an 8000x Rally for this Shiba Inu Killer

Shiba Inu (SHIB) gave enormous returns in 2021, making many early holders millionaires. After the…

15 hours ago