The U.S. presidential election began vote counting in various states on this (6th) day, according to real-time data from the Associated Press, Trump is expected to have already secured 198 electoral votes, while Harris has 112, with their respective vote shares at 52.5% and 46.2%. Trump currently maintains a lead in the race to the 270 electoral votes needed to win.
Further Reading: Is Trump Winning? He Leads Harris by Nearly Double, Boldly Claims: If I Win Pennsylvania, I Win
This has left Tesla founder Musk, who can be considered Trump's strongest campaign supporter, ecstatic. Earlier, he posted an excited message on his X (Twitter) account with over 2 billion followers, calling for "Dark MAGA assemble!"
DMAGA Meme Coin Surges 161%
After Musk's post, the crypto community's meme coin groups did not miss the opportunity to hype it up.
CoinGecko data shows that the Solana ecosystem's Dark MAGA-related meme coin Dark MAGA (DMAGA) surged nearly 150% in 3 hours this morning, reaching $0.02075, and is currently trading at $0.01766, up over 161% in the past 24 hours, with a market cap exceeding $16.29 million. However, it is still down over 66% from its all-time high of $0.04702 set in late July when it was first issued.
Additionally, another meme coin dark maga (DMAGA) issued on Ethereum last month also saw a peak surge of 169%, reaching $0.00000408, and is currently trading at $0.00000309, still up nearly 110% in the past 24 hours.
Meanwhile, the largest market cap Trump meme coin MAGA (TRUMP) soared over 36% from $3.04 to $4.14 within 2 hours this morning, and is currently trading at $3.94, up 17% in the past 24 hours.
Trump Concept Stocks Surge After Market
In the U.S. stock market, Trump Media & Technology Group (DJT.O), seen as a "Trump concept stock", reported a net loss of $19.2 million and revenue of $1.01 million, down 5.6% year-over-year, in its Q3 earnings released on Election Day. However, the stock price still surged over 10% after hours, briefly spiking 23%.
Yesterday on Election Day, DJT opened with a sharp rally, but faced heavy selling pressure in the afternoon, causing it to plummet and be halted for trading twice before closing slightly down over 1%. Despite a over 28% drop in the past five days, the stock has nearly doubled this year, surging over 94%.
Is Trump Winning? Polymarket Odds Soar to 86%
Data from the decentralized prediction market Polymarket, which has garnered widespread attention in this U.S. election, shows Trump's odds of winning have skyrocketed 27.4% to 86.6%, while Harris' odds have plummeted 31.9% to just 9.1%, a 77.5% deficit. Musk earlier posted that Polymarket's pre-election bet on a Trump landslide victory has already materialized. Traditional polls still show a tight race between the two candidates, with no clear winner emerging in the vote count so far.
