Elon Musk “Dark MAGA” Boosts Donald Trump’s Win Odds & Crypto Tokens Prices

At a rally, Elon Musk increased Donald Trump’s chances of winning; this led to the MAGA price rising by 20% as well as other Trump-associated tokens. After the speech Elon Musk declared “Dark MAGA” at a Trump rally MAGA crypto went up by 20%. Cryptocurrencies associated with Trump; TrumpCoin increased its value by 50%, BABYTRUMP by more than 9%. Musk’s recommendation increases Trump’s chances of winning and puts him ahead of Kamala Harris by 50.6% to 48.7%.

Tesla Motors and SpaceX owner Elon Musk was recently caught at a rally for the Republican presidential candidate Donald Trump in Butler, Pennsylvania. He declared himself as ‘Dark MAGA’, meaning ‘Make America Great Again’ wearing a special ‘Trump’ cap. This statement was made right when MAGA price, which is a Trump’s politically affiliated crypto, rose by 20%, following Musk’s appearance.

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Elon Musk claims he is ‘Dark MAGA’ at Donald Trump rally

When Elon Musk emerged from behind the curtain at a Donald Trump rally, the audience perked up right away when he said that he supports the ‘Dark MAGA’. Enty of exposure to the public at the event which took place at the previous location where Trump was shot, his support was clearly in favour. 

This gave the MAGA price a boost; within minutes, it had gone from $3.00 to $3.62, an increase of 20%. This was complemented by a 130% boost in trading volumes considered to be an implication of increased market flows.

Likewise, other Trump-related coins also received a market lift. An altcoin with the rather light-hearted name of BABYTRUMP Coin rose more than by 9% within 24 hours. Also, the politically-slated meme currency TrumpCoin (DJT) has experienced immense trading volumes, which have now surged more than 50 percent in the last 24 hours. The token that runs on Solana nearly tripled in trading volume to the moon. 

Elon Musk has encouraged and come out to advocate for Trump in the forthcoming American presidential elections. He has categorised it as the biggest and likely the final, should Trump not clinch victory. He has stood firmly with Trump by changing his social media profile to have Trump’s campaign slogans insisting that this year’s election is very important. The voter registration was highlighted by the Tesla CEO in his speech, while he also said that, Polymarket data suggest that Elon Musk’s endorsement has increased his chances of victory: Donald Trump 50.6%, Kamala Harris 48.7%.

Historical Context and Crypto Market Reactions

Also, the participation of celebrities such as Elon Musk in political processes draws attention from many sectors, including the social media sector, which multiplies the impact on financial markets. A recent report by CoinGape highlighted how there are those considered influential ‘prophets’ such as Elon Musk in the trade, and if they amassed legion followers through social media platforms and their shared perceptions of the market’s visionaries, could manipulate the prices of the assets. 

In line with the increasing social media effect, the Elon Musk announcement and his participation at the Donald Trump rally may affect the October crypto markets. Bullish formations and chronological expectations of ‘Uptober,’ which often gives reasonable impetus towards the cryptocurrency market’s direction, make up these two key arguments.