Presidential candidate Donald Trump survived an assassination attempt this weekend, sparking a wave of both memecoins and his chances of winning the 2024 election.
According to crypto betting site Polymarket, Trump currently has a 72% chance of winning the presidency, while Biden only has an 18% chance of victory.
Since the assassination attempt, Trump’s chances have increased significantly.
At the same time, MAGA (TRUMP), the largest Trump-inspired memecoin project on the market, has risen 27% since the shooting and at one point was as high as 81%. TRUMP has since cooled off and is trading at $8.02 at the time of writing.
Once a crypto skeptic, Trump has since taken aim at the technology, calling himself “the crypto president” and gaining support from much of the industry.
A recent poll from investment firm Paradigm found that Trump’s pro-crypto stance is helping win over Republican voters, and that crypto and financial freedom was a priority for conservative voters in general in this election.
Trump himself is a crypto holder with a public wallet address holding nearly $10 million in digital assets.
According to blockchain “de-anonymizer” Arkham, Trump’s Ethereum (ETH) wallet currently holds $9.85 million worth of cryptocurrency. His largest asset consists of TRUMP tokens that the project gave him.
By the end of July, Trump is expected to attend the Bitcoin 2024 conference in Nashville, Tennessee as a speaker for the event’s 20,000 attendees.
Independent presidential candidate Robert F. Kennedy Jr. will also speak at the conference, along with political commentator and comedian Russell Brand, CEO and founder of ARK Invest Cathie Wood, MicroStrategy executive chairman Michael Saylor, former intelligence contractor turned whistleblower Edward Snowden and future Miller Value Partners chairman and CIO Bill Miller.
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Featured image: Shutterstock/Sergey Nivens/Alexxxey
