Elon Musk “Dark MAGA” Boosts Donald Trump’s Win Odds & Crypto Tokens Prices
Highlights
- Elon Musk's "Dark MAGA" declaration at Trump rally boosts MAGA crypto by 20%.
- Trump-related cryptocurrencies see market surge; TrumpCoin up 50%, BABYTRUMP over 9%.
- Musk's endorsement enhances Trump's election odds and leads Kamala Harris by 50.6% to 48.7%.
Elon Musk, the CEO of SpaceX and Tesla, recently attended a rally for Republican presidential nominee Donald Trump in Butler, Pennsylvania. He expressed his support for Trump wearing a unique ‘Make America Great Again’ cap and declaring himself as ‘Dark MAGA’. This statement coincided with a notable increase in the MAGA price, crypto linked to Trump’s political brand, which surged 20% following Musk’s appearance.
Elon Musk Identifies as ‘Dark MAGA’ At Donald Trump Rally
Elon Musk took the stage at a Donald Trump rally, immediately capturing the audience’s attention with a declaration of his “Dark MAGA” allegiance. His appearance at the event, held at the site of a previous assassination attempt on Trump, was marked by his distinctive support.
Musk jokingly said,
“As you can see, I’m not just MAGA, I’m dark MAGA.”
This endorsement resonated with investors, as the MAGA price experienced a significant uptick, rising by 20% to $3.62 shortly after his speech. This surge was accompanied by a 130% increase in trading volume, indicating heightened market activity.
Similarly, other Trump-related cryptocurrencies also experienced a market boost. BABYTRUMP Coin, a meme coin referencing Trump in a humorous context, surged over 9% in 24 hours. Additionally, TrumpCoin (DJT), a politically-themed meme coin, has seen a significant increase in its market activity, rising over 50% in the last 24 hours. The token, operating on the Solana blockchain, saw a 600% surge in trading volume.
Elon Musk has been supportive and vocal about the importance of a Trump win in the coming US election. He has termed it the most important and probably the last if Trump does not win. He has showcased his staunch support by updating his social media to reflect Trump’s campaign slogans, emphasizing the crucial nature of this election.
The Tesla CEO emphasized voter registration in his speech and commented,
“President Trump must win to preserve the Constitution. He must win to preserve democracy in America. This is a must-win situation.”
In addition, Elon Musk’s Trump endorsement has boosted his election-winning odds, with polymarket data revealing that Donald Trump boasts a 50.6% lead over Kamala Harris’s 48.7%.
Historical Context and Crypto Market Reactions
Further, the engagement of figures like Elon Musk in political events attracts attention from various sectors, including social media, potentially amplifying the effects on financial markets. A recent CoinGape report pointed out that figures like Elon Musk are seen as “prophets” and could influence asset prices through their online followings and perceived visionary insights.
Following the growing social media influence, Elon Musk’s declaration and attendance at the Donald Trump rally may impact October’s crypto markets. Historical trends and the anticipation of ‘Uptober,’ a month typically marked by bullish movements, suggest that their combined presence could catalyze a crypto rally.
- Pi Network Set for Massive Growth as App Studio Upgrade Expands Pi Coin Utility
- US Shutdown Beyond 40 Days To Delay Crypto ETF Approval, But Demand Spikes
- OpenSea Set to Reward Investors With Massive SEA Token Airdrop Ahead of Q1 2026 Launch
- Cardano’s Charles Hoskinson Addresses Allegations of Diverting Treasury Funds
- BlackRock Dumps Bitcoin and Adds Ethereum Amid Crypto Market Crash
- Ethereum Price Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
- 3 Altcoins Defying the Market Momentum In October 2025
- Ethereum Price Prediction: Analyst Identifies MACD Bearish Pattern Despite $417M BitMine Buy
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
