Polymarket is in trouble.
According to Bloomberg, Polymarket is under investigation by the U.S. Department of Justice for allegedly allowing U.S. users to bet on its platform.
The FBI has issued a search warrant for Polymarket CEO Shayne Coplan and seized his phone and electronic devices. According to an agreement reached in 2022 with the Commodity Futures Trading Commission, Polymarket needs to prevent U.S. traders from trading on the platform.
Polymarket CEO Shayne Coplan tweeted:
It is disappointing that the current administration will take a last-ditch effort to go after companies they believe are associated with political opponents. We are steadfastly committed to being impartial, and today is no exception, but the current administration should do some self-reflection and recognize that taking a more pro-business, pro-startup approach may change the outcome of their next election.
In this election cycle, Polymarket has brought value to tens of millions of people, without harming anyone. We are proud of this. I am also proud to say that the future of America, especially the future of American entrepreneurship, has never been brighter.
In the face of adversity, we build an eagle.
Regarding this post, Musk replied: That's right.
And so, this eagle became a MEME.
Data shows that this eagle icon currently has a market cap of $13M, with a 23-hour increase of 23,634%. In terms of trading volume, it is currently ranked 21st on the entire chain.
The token is an eagle symbol, and the eagle is to some extent a symbol of America. The token's description is "FREE Shayne Coplan". It's a bit like the old FreeRossDAO. It's a current hot spot with a strong short-term political appeal.
In short, as long as it's related to Musk, this type of MEME currently performs very strongly in the short term.
For example, PUT's market cap has surpassed $2.2 billion, making it the 6th largest MEME coin, second only to DOGE, SHIB, PEPE, WIF, and BONK. And it was born only 14 days ago.
For example, BANANA currently has a market cap of $58 million, with a 23-hour increase of 269%. This coin is a banana icon that Musk drew on the Starship S31, which is scheduled to launch on the 18th.
