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

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

5 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

11 hours ago

Forget DOGE and SHIB: These 5 Memecoins Are 2025’s Millionaire Makers

The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…

19 hours ago

While Ethereum Approaches $6K, XYZVerse Prepares for a 16,900% Market Shakeup

As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…

20 hours ago

Four Meme Coins That Might Disappoint and One That Could Deliver Big Gains

Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…

20 hours ago

Winter’s Altcoin Season to Explode: 3 Cryptos Every Trader Should Know!

As temperatures drop, the crypto market is heating up with anticipation. This winter could witness…

20 hours ago