With the US election heating up, crypto whales are making large strikes into political-themed tokens.
Rumors have emerged that these buyers are stacking up positions in just a few key “politifi” cash.
On this article, we’ll discover this development and take a more in-depth have a look at three political tokens buyers have their eyes on.
Whales Wager Massive on Trump within the 2024 Presidential Election
The combination of politics and crypto is heating up.
What began as a unusual area of interest is now grabbing severe consideration from buyers keen to profit from the election hype.
And it’s not nearly meme cash anymore – prediction markets are additionally blowing up.
Take Polymarket, for instance.
This crypto-powered prediction platform has racked up over $2 billion in quantity for its 2024 Presidential Election market.
Proper now, the sensible cash is on Trump, together with his odds sitting at 60.9%.
What’s actually catching merchants’ consideration is the whale exercise.
One large investor has scooped up over 20 million pro-Trump shares, making an enormous guess on a Republican comeback.
One other investor holds 8.1 million shares.
These monumental positions present that whales are taking the mixture of politics and crypto severely.
FreeDum Fighters Token Turns Election Satire Into Passive Earnings & Raises $100K in One Day
Because the political betting scene heats up, let’s have a look at a few of the hottest politifi tokens grabbing buyers’ consideration.
The primary one is FreeDum Fighters (DUM).
This isn’t your typical politifi token – it’s a satirical spin on the election.
It pits two mechanized candidates (MAGATRON and Kamacop 9000) in opposition to one another in a battle.
However don’t let the humor idiot you since there’s actual utility right here.
What makes FreeDum Fighters stand out from the competitors is its staking setup.
DUM holders can stake their tokens to assist their candidate, and the yields shift relying on who’s within the lead.
It’s like a mini prediction market, much like Polymarket.
FreeDum Fighters’ presale has kicked off with a bang, elevating over $100,000 because it went dwell yesterday.
With 4 phases main as much as the election and costs rising in every stage, early buyers are hoping for some severe post-listing beneficial properties.
The challenge is even starting to see traction on Twitter.
So, though it’s solely simply launched, FreeDum Fighters is a politifi token that many are preserving an in depth eye on.
TREMP Token Surges 185% As Retail Merchants Purchase In
One other politifi token value contemplating is Doland Tremp (TREMP).
This Solana-based token mixes political satire and meme tradition – and it’s been on a severe run currently.
TREMP is at the moment buying and selling at $0.372, a 185% soar since final month.
That’s the type of development that will get retail buyers excited.
However it’s not simply in regards to the worth beneficial properties since TREMP can be interesting on account of its established nature.
The token is already listed on a number of prime CEXs, like MEXC and LBank, giving it a liquidity increase in comparison with newer tokens.
Additionally, its branding leans closely towards Trump-inspired memes, corresponding to his well-known “covfefe” tweet from 2017.
With a market cap of simply $37 million, there’s room to run for TREMP.
And if Donald Trump had been to win the upcoming election, there’s each probability this token may see one other surge in worth.
Politifi Big MAGA Reaches $243M Market Cap Forward of Election Day
Final however not least, we’ve bought the largest politifi token – MAGA (TRUMP).
This coin was what began the entire politics-themed crypto wave.
MAGA is the clear frontrunner within the area, with a large $243 million market cap and $16 million in spot quantity since yesterday.
However it’s not nearly memes since there’s a charitable aspect to the token, too.
The challenge raises funds for US veterans and to fight little one trafficking – including a philanthropic angle to its “degen” nature.
What additionally makes MAGA stand out is its hyperlink to Trump’s marketing campaign.
With the previous president’s group now accepting crypto donations, together with meme cash, MAGA is positioned to profit from all of the mainstream consideration.
If Trump secures one other time period, MAGA may get an enormous increase.
Nonetheless, even when he loses, the token’s loyal following means it’ll possible stay a key a part of the politifi area of interest.
