For every Polymarket bettor backing Trump or Harris, there is a memecoin trader bidding tokens associated with the presidential candidates.
Today, Donald Trump’s odds rose as high as 62%, according to Polymarket, sending Harris’ odds tumbling to 38%. As a result, the Kamala Harris memecoins sold off, with COCONUT down 42% over the last 24 hours and KABOOTY down 45%. Meanwhile, the MAGA token is up 10% today.
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