đš TRUMP'S VICTORY ODDS HIT ALL-TIME HIGH AFTER SHOOTING đ«
Former U.S. President Donald Trump's chances of retaking the White House have skyrocketed to an all-time high on Polymarket, a crypto-based prediction market, after he was injured during a rally in Pennsylvania on Saturday. The incident has intensified his campaign's momentum, with traders now giving him a 70% chance of victory.
đ„ Shooting Incident Details đ„
A Secret Service spokesman confirmed that Trump was "safe" following the shooting. The New York Times reported that a suspected gunman and a spectator were killed. Images of Trump, defiant with blood on his face, pumping his fist in the air, have been widely shared on social media, shifting the national conversation away from his opponent, President Joe Biden.
đ Polymarket Betting Surge đ
"Yes" shares in Polymarket's contract on Trump's victory climbed ten cents to 70 cents after the shooting, indicating a 70% probability of him winning in November. Each share pays out $1 if Trump wins, and zero if he doesn't.
đ Trump-Themed Meme Tokens Rise đ
Following the incident, Trump-themed "PoliFi" meme tokens saw significant gains. MAGA surged 34% to $8.38, and TREMP jumped 67% to $0.6471. Conversely, BODEN, a token named after Biden, dropped about 15% to $0.0333115. These tokens have become a "de facto betting market on the election".
đȘ New Meme Coins Emerge đȘ
The shooting inspired a wave of new meme coins on the Solana token creation site Pump.fun, including "Resurrection of Trump" (ROT) and "Hero Trump" (HERO).
đ Polymarket Trading Volume Soars đ
Polymarket, founded by Shayne Coplan, has seen record trading volumes in 2024 amid the U.S. election enthusiasm. The presidential winner contract has amassed $252 million in bets, setting a record for crypto-based prediction markets.
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