Donald Trump's odds for winning the 2024 presidential election dropped to 49% during the 🇺🇸US presidential debate.

Via: BET on DRIFT

Crypto markets have suffered noticeable pullbacks following September 10’s highly anticipated presidential debate.

In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.

Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.

Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.

The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.

Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.

Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.

Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.

According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.

According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.

$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.

Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.

Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).

🇺🇸 Cryptocurrencies were not mentioned during the debate between Kamala Harris and Donald Trump tonight.

The latter, however, saw its rating drop by 3% on the Polymarket prediction market, compared to a 3% increase for Kamala Harris 📊

The debate between Donald Trump and Kamala Harris was heated to say the least...

The summary 👇

What initially got the most attention was that Kamala Harris appeared to have worn "earpiece" earrings so that people could whisper "punchlines" to her.

Tensions over Ukraine:
Harris accuses Trump of literally wanting to abandon Ukraine, acknowledges that Russia has not threatened to use nuclear weapons but advocates a rapid end to the conflict.

Disagreements over foreign policy:
Trump fears global escalation, Harris defends international engagement

Lively exchanges on the economy:
Harris criticizes the tariffs that Trump wants to impose (especially on Chinese products), calling them a "sales tax" on the middle class, and blames it for current inflation.

Heated debate on immigration:
Trump alarmist accuses Biden-Harris administration of letting in "dangerous" immigrants while Kamala Harris accuses him of dividing the nation.

Abortion Clash:
Harris defends abortion rights, Trump calls for return of decision to states.

Post debate:
Taylor Swift, "America's Sweetheart," has announced her support for Kamala Harris. The potential impact on "young people" is massive

U.S. presidential nominee Donald Trump's odds of winning the 2024 elections are now at 51.1% on BET on DRIFT

🇺🇸 Donald Trump: "Instead of attacking the industries of the future, we will embrace them, including making America the world capital of cryptocurrencies and #Bitcoin ."

Donald Trump says instead of attacking industries of the future, we will embrace them and make the US the “Crypto Capital” of the world

🚨 Events expected in September:

👉 September 10: Debate between Donald Trump and Kamala Harris.

👉 September 18: FED decisions on interest rates.

👉 September 18-19: TOKEN2049 crypto event in Singapore.

🇺🇸 Donald Trump was "orange plundered" by 3 friends from Puerto Rico.

Amanda Fabiano, Bitcoin miner, Tracy Hoyos-López, former California prosecutor, and David Bailey, CEO of BTC Inc. media group and organizer of the conference in Nashville, spent months secretly teaching Bitcoin to Donald Trump.

In the bitcoin language, Trump was "orange-pilled" at that time.

An expression that dates back to 1999 in the film Matrix, where Neo must choose between the red pill, which gives access to the disturbing truth about the world, or the blue pill, which will leave him in his ignorance.

The orange pill therefore refers to the official color of bitcoin.

https://www.cnbc.com/2024/...

There are some sources that are already making it official that Robert F. Kennedy Jr. 🇺🇸 is going to SUPPORT Donald Trump for the presidential elections ‼️👀

The two biggest candidates are pro #Bitcoin and crypto... plus this would be the first time (that I know of) that a Kennedy supports a Republican candidate, interesting 🤔

Donald Trump 🇺🇸 continues to gain the lead over Kamala Harris in the odds of being elected President of the United States, according to data from Polymarket ‼️👀

❌️ McDonald's official Instagram account has reportedly been hacked, suggesting they have issued the $GRIMACE memecoin on Solana.

$GRIMACE soared to $25 million mcap in 30 minutes before falling

https://x.com/wublockchain...

Daily Memecoin Recap - August 21

People continue to hop chains as new fair-launch platforms release on other chains. First it was $trx , now it's $bnb

In my opinion, all volume will be redirected back to $sol

BSC gets their own "pumpfun"
$binancedog -> hit $10m , based on a tweet from binance on August 13th
- four_meme_ launches the first launch platform for memecoins on BNBCHAIN
- Traders bridged some funds over to $BNB
- Lots of older memes on BNB pumped on the news

McDonald's Hack
$grimace -> hit $25m , McDonalds got hacked, the exploiter posted a CA on their instagram and ultimately stole $700k in funds

Solana Vs Binance
$solanadog -> hit $2 .1m, CTO, rival to $binancedog from BNB chain
$sd -> hit $2m , another solana dog
$solanacat -> hit $200k , beta to $solanadog

Smoking Chicken Fish Comeback
$scf -> $19 .8m to $39 .6m (2x), potential reversal in play
$sed -> hit $370k , "smoking eagle dog", beta to $scf

Other Cooks
$ptc -> hit $1 .2m, dev is a whale
$hff -> hit $1 .2m, "Holy Frog Father"
$kol -> hit $670k , "Key Opinion Loser", play on words on "key opinion leader" aka influencers
$trenches -> hit $600k , launched by a KOL
$gc -> hit $390k , "God Candle"
$doggo -> hit $330k , "Discord Doggo"

$sol will be the leader chain in terms of memes this cycle. We've yet to see any other chain consistently rival the volume that we get on Solana memes

Did you cook? 🍜

Former White House Secretary Anthony Scaramucci believes a $SOL ETF could be approved in Q1 2025 if Donald Trump wins the U.S. election.

Donald Trump has launched the telegram channel for the upcoming crypto project announcements.

🚨 Highlight of the interview between Elon Musk and Trump:

👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:

🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."

🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.

🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”

👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.

🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.

👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.

🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.

🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.

🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.

👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.

🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.

🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.

🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.

👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.

🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.

🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.

👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.

Daily Memecoin Recap - August 12

Most of the attention was directed towards the Trump interview today

Donald Trump x Elon Musk
$grok2 -> $320k to $4 .55m (14x), grok2 beta coming soon
$fos -> hit $4m , "Freedom of Speech"
$rdt -> hit $2 .38m, "Real Donald Trump", realDonaldTrump

$elon -> hit $390k ,

$elontrump -> hit $2 .15m, Elon X Trump
$yeah -> hit $1 .89m, elonmusk
keeps saying "Yeah" on the spaces
$appie -> hit $860k , based on realDonaldTrump
's new promo video where there's a dog
$mcga -> hit $700k , "Make Crypto Great Again", MAGA + crypto, has been made before
$Trumpfish -> hit $630k , fish + Trump
$yea -> hit $466k
$ffa -> hit $350k , "Fight For America"
$doge -> hit $230k , "Donald Often Gags Elon"
- Elon Musk speaks with Donald Trump on X spaces

Dog Meta
$coby -> $200k to $1 .8m (9x)
$ken -> hit $11m , dog from Kabosu family ( $doge )
$kai -> hit $2 .9m, "Guardian of the crypto universe", based on a
binance tweet
$hi -> hit $400k
$toby -> hit $260k

Cat Memes
$lqc -> hit $966k , "low quality cat", CTO
$bae -> hit $250k , CTO

More Cooks
$kolt -> $2 .85m to $6 .44m (2.25x)
$dik -> $400k to $2m (5x from the low), very good team w/ unique content
$ponkei -> $160k to $1m (6.25x), Chinese $ponke
$one -> hit $1 .65m, "All It Takes Is One", good team
$quinn -> hit $400k
$chopy -> hit $315k , crab meme
$nwo -> hit $240k , "New World Order"

We had a couple good plays, expect more if majors pick back up

💬 Donald Trump Jr warns against fake Trump tokens.

“I love how much the crypto community is embracing Trump. It’s absolutely amazing, but beware of fake tokens claiming to be part of the Trump project.”

"The only official project will be announced directly by us, and it will be fair to everyone."

“Don’t be fooled – stay tuned for the real deal.”

Daily Memecoin Recap - August 8

The market is in need of a new meta, a lot of repetitive things coming out

Fake Trump Coin
$rtr -> hit $155m , "Restore The Republic"
- DonaldJTrumpJr was teasing at an exciting crypto announcement
- Plenty of legit people had sources saying that this was Trump's real coin
- People believe that they rugged at the last second, which has caused an outroar on the timeline

Neiro's friends
$fuku -> hit $4m , based on $neiro 's friend, kabosu family ( $doge )
$fuku -> hit $1m
$hachi -> hit $1m
- kabosumama has a new blog post

Dog Memes
$pitbull -> $400k to $1 .96m (4.9x), decent team
$pooku -> $260k to $1 .2m (4.6x)
$eggdog -> hit $8 .5m, insider
$maka -> hit $980k , cute dog
$maki -> hit $300k

Wizard meta
$lore -> hit $1 .15m
$wizcat -> hit $1 .1m, influencers backing

More Cooks
$schizo -> $95k to $2m (21x), revived after getting CTO'd
$gmblr -> hit $3m , sniped launch
$jajak -> hit $2 .83m, heavily pushed today, a lot of smart wallets aped, funny meme
$dwifkodak -> hit $1 .6m, celeb meta, pushed by KOLs
$money -> hit $1 .15m, "Just give me my money", good meme
$bif -> hit $850k , "banana wif hat"
$miy -> hit $800k , duck meme, CTO
$memest -> hit $380k , "memes street", CTO
$spurdo -> hit $370k
$bph -> hit $260k , "Blue Party Hat",

I want to see something new, something fresh that hasn't been done before

Can dev do something pls

According to a conversation from the Telegram group “STRIKE investors,” Icebagz claims he met Donald Trump for two hours, has receipts, and never sold a single token. He claims Trump's son told him 10 minutes before that he was tweeting about the $RTR token.

Earlier, Eric Trump refuted claims that Trump launched the $RTR token.

Donald Trump warns against fake Trump tokens, stating the official project "will be announced directly by us, and it will be fair for everyone."

Donald Trump Jr. said,

"We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future—don’t get left behind."

It's a problem for #Bitcoin :

The chances of Donald Trump becoming President of the United States 🇺🇸 have considerably DECREASED up to 51% today!!️ 👀

Since Joe Biden announced his withdrawal from the presidential race and Kamala Harris took over, Donald Trump has dropped in the polls all the time

Will he be able to regain the advantage over the elections? 🤔

💬 “We are about to shake up the crypto world with something HUGE.
Decentralized finance is the future – don’t get left behind.”

says Donald Trump Jr, the son of the American presidential candidate

🟡 Donald Trump acknowledged that cryptocurrencies were "a form of modern money."

His other statements of the day:
"If we don't do it, China will"
"The United States should not sell bitcoins"

🇺🇸 “Stock markets are crashing, employment numbers are terrible, we are heading towards a third world war and we have two of the most incompetent “leaders” in history. IT'S NOT GOOD !!! »

Donald Trump speaks on the current economic and geopolitical context

Daily Memecoin Recap - August 4

Market is in shambles as $btc breaks key support
- $70k to $52k (-25% from the recent high)

Runners Of The Day
$bane -> hit $3 .7m, CTO, cute dog, coordinated pushed by KOLs
$btw -> hit $3 .25m, a banana taped to a wall, also a coordinated push by influencers, good volume
$matsu -> hit $1 .1m, cute cat, $billy vibes, but a cat instead of a dog

Slerf Team Announces They Will CTO A Coin
$oodles -> hit $10m , pumped based on speculation that this is the coin that $slerf team is CTO'ing

Market Dumping
$depressio -> hit $840k , depressed beta to $retardio since market is tanking
$bubu -> hit $320k , beta to $bobo the bear, CTO
$job -> hit $250k , "McDonalds Job Application"

High MC coins take a hit
$scf , $billy , $fwog , $wolf , $michi , $popcat , $ponke , $giga , $bome
- All of these coins have decreased substantially from their ATH

More Cooks
$berd -> hit $680k , CTO
$karris -> hit $520k , redacted KamalaHarris
, relaunch that previously hit $4 .4m
$fu -> hit $470k , "fed up", cat meme, CTO
$archie -> hit $328k , CTO, " The OG $bane "
$bull -> hit $305k , "I'm Bullish"
$mpr -> hit $273k , "Meme Power Rangers"
$job -> hit $250k , "McDonalds Job Application"
$nappy -> hit $230k

Whenever the market is dead, instead of forcing trades, take the time to hone in on your skills: TA, fundamental analysis, recognizing patterns, etc.

Donald Trump proposes using Bitcoin to pay off the 🇺🇲US $35 trillion debt.

🇺🇸 💬 “Maybe we'll pay off our $35 trillion debt by handing them a little crypto check, handing them a little Bitcoin.”

Donald Trump suggests paying off the $35 trillion national debt with #Bitcoin

Weekly Rollup 📺🗞

w/ sassal0x!

🟠
realDonaldTrump spoke at TheBitcoinConf in Nashville, what got the loudest cheer?
📊 ETF flows continue -- how are things looking?
🐻 California is transitioning car titles to avax?
➕ all that and more...

Jump in 👇