As the US presidential election is less than a month away, Republican candidate Donald Trump and Democratic candidate Kamala Harris are pulling out all the stops, campaigning in various states to win votes.
As the voting day approaches, political meme tokens are also becoming more active. However, with the end of the election, these topics may gradually fade away, and some early investors may choose to cash out their profits while the market is still hot.
TRUMP Early Investors Earn 32,740 Times
Against this backdrop, according to Lookonchain monitoring, a user spent 0.052 ETH (about $96) to purchase 608,650 TRUMP tokens on August 12, 2023.
Nearly a year later, the user's address started selling $TRUMP at 3 AM this morning, and has so far accumulated the sale of 7,800 TRUMP tokens, exchanging them for 15.1 ETH (about $39,340). The user still holds 574,763 TRUMP tokens, worth approximately $3,103,720.
Calculated at the current TRUMP price, this early investor's earnings have reached a staggering 32,740 times.
Related addresses of the user:https://debank.com/profile/0x8c7b97e05b0c35bdc5c835517031690e1640394a
https://debank.com/profile/0x2280e04e841024e43f0976e5d4344fa95f2be065
Roundup of Political Meme Tokens
On the other hand, according to data from Coingecko, the PolitiFi (political meme tokens) sector has seen an overall increase of 3.1%. Apart from TRUMP, other political meme tokens also show signs of gradually becoming more active. The following will provide an overview of the performance of political-related meme tokens:
- $PEOPLE: Price $0.08543, up 6.5% in the last 24 hours, market cap $432 million
- $TRUMP: Price $5.42, up 4.7% in the last 24 hours, market cap $249 million
- $MAGA: Price $0.0001742, up 1.6% in the last 24 hours, market cap $71.49 million
- $TREMP: Price $0.3696, up 2.5% in the last 24 hours, market cap $36.93 million
- $STRUMP: Price $0.009679, up 14.6% in the last 24 hours, market cap $22.64 million
- $FIGHT: Price $0.01388, up 33.1% in the last 24 hours, market cap $13.59 million
From the above table, it can be seen that the vast majority of political-related meme tokens are related to Trump. This may be because, compared to Harris' more conservative approach, Trump's support for cryptocurrencies is more explicit, and he has publicly expressed his support for Bitcoin and the crypto industry in multiple occasions, making him more favored by crypto users.
Trump Polymarket Odds Surge to 61%
In addition, according to the latest data from Polymarket, Trump's current odds of winning have reached 61%, leading Harris by 22%. This is the first time Trump's odds have surpassed the 60% threshold since Biden's withdrawal in late July.
However, according to a previous report by BlockTempo, the rapid surge in Trump's odds on Polymarket is mainly due to the influence of four whales, anonymous accounts named Fredi9999, Princess Caro, Michie, and Theo4, who have collectively bet nearly $24.7 million on Trump's victory.
Experts believe that given the shallow market depth and liquidity of Polymarket, these whale manipulations have distorted the overall prediction market outcome.
