Lower than three weeks before the US elections, former President Donald Trump is holding regular, at the least in keeping with the betting markets. In accordance with Polymarket, users bet on a virtually 59% likelihood that Trump will win over his Democratic Party rival, Kamala Harris, this November. Trump now boasts an 18-point lead, his biggest ever since Harris joined the race. Harris’ numbers dropped to 40.8%, based on the platform’s Presidential Election Winner 2024 polls.
While Trump’s numbers are improving, his coin launch has encountered a setback. World Liberty Financial’s token launch hit a roadblock Tuesday after the web site suffered lengthy glitches and outages. In accordance with reports, the web site was inaccessible many of the day, and only around 4,300 unique addresses held the coin, way below the expected 100,000 individuals expected to participate.
Source: Polymarket
Trump And His Crypto Dreams
Donald Trump led the launch of WLF’s token, which many view as his deeper engagement within the crypto space and may also help fund his campaign. Many also see his support for Bitcoin as a move to appeal to younger and tech-savvy voters.
Trump and his associates have been discussing this crypto project since August, calling it “The DeFiant Ones,” a play on its anti-establishment stance and decentralized finance (DeFi).
BTCUSD trading at $67,157 on the each day chart: TradingView.com
World Liberty Financial goals to rework right into a crypto bank, and its co-founder, Zachary Folkman, expects over 100,000 individuals to be on their list to take a position. Nevertheless, because of multiple outages throughout the day, only around 4,300 wallets managed to carry the token, representing just 4% of the entire in registration.
Source: World Liberty Financial
WLF And Its Crypto Roadmap
In accordance with a WLF proposal, the launch goals to boost $300 million, giving its token a $1.5 billion valuation after the initial sale. In accordance with Folkman, 20% of the token is allotted to its founding team, which incorporates Trump.
The WLFI coin is a Regulation D token, allowing it to boost capital initially, even without an SEC registration. Nevertheless, certain conditions have to be satisfied, like restricting the sale size and limiting the event to high-worth individuals.
Crypto On The Ballot This November
The crypto chatter on Twitter/X and the most recent betting market data from Polymarket suggest that crypto is on the ballot this November. Trump fired the opening salvo in May, stating that he’s the “crypto president” and has been posting pro-Bitcoin posts these days. Harris takes a more cautious approach and advocates for “recent and progressive technologies.”
Nevertheless, if we follow Polymarket’s data, Trump’s message resonates with this election cycle. Three weeks into the elections, he’s the present leader, accounting for over $561 million in betting volume in comparison with Harris’ $381 million.
Featured image from Council on Foreign Relations, chart from TradingView