US Republican presidential candidate Trump and Democratic presidential candidate Kamala Harris officially held their first televised debate yesterday (10th) (the last one was between Trump and Biden). The two sides discussed politics, economics, and immigration policies. , the international situation and abortion issues, but did not mention the relevant policies on cryptocurrency.
Polymarket: He Jinli overtakes
Basically, foreign media believe that in this head-to-head confrontation between Trump and Harris, the latter has the advantage. After the debate, American pop music queen Taylor Swift announced on IG that she would support Harris Harris. (Because Taylor Swift has such a huge influence among young people, the media even called her a woman who can influence the US election)
According to prediction market Polymarket data, the current market betting probability of Trump winning is 49%, slightly behind He Jinli’s 50%.
Trump Media shares fell more than 10%
Another piece of evidence that may prove Trump's poor performance this time is that his media group Trump Media fell 10.47% to close at $16.68. It has fallen 32.96% in the past month, which is very weak.
Due to the sharp drop in stock prices, the US media "CNN" also reported that Trump's personal net worth has shrunk to less than US$4.7 billion, falling out of the top 500 of the Bloomberg Global Rich List.
In this regard, Matthew Tuttle, CEO of Tuttle Capital Management, said that in fact, Trump Media’s stock price is already overvalued by the market. If it were not for Trump, its price might be only $1:
If it weren't for Trump, this thing would be trading at $1.
Trump-related meme coins plummet
Not only that, but Trump-related meme coins also fell:
- TRUMP (Ethereum): Trump’s meme coin of the same name, $2.79 at the time of writing, a drop of 13.26% in the past 24 hours.
- MAGA (Ethereum): Trump’s slogan Make America Great Again, at the time of writing, was $0.000072, a drop of 19.42% in the past 24 hours.
- FIGHT (Ethereum): A meme coin related to Trump’s attack. At the time of writing, it was US$0.0045, down 12.87% in the past 24 hours.
