Polymarket data shows that Trump's election probability has risen to 61%, and Solana and Bitcoin are experiencing positive news

2024-11-05 20:12:44

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ChainCatcher news, recently, data from the decentralized prediction market platform Polymarket shows that former President Donald Trump’s probability of winning the 2024 U.S. election has risen to 61%, attracting widespread attention from the crypto community. Meanwhile, a large number of Trump-related tokens and prediction activities have rapidly emerged on the Solana (SOL) blockchain.

As a decentralized prediction market, Polymarket reflects market expectations for various events through user betting. Unlike traditional polls, these platforms focus more on the flow of funds and changes in market sentiment, having attracted over $3 billion in support.

Recently, many Trump-themed tokens created by users on the Solana chain have seen significant price increases, drawing a lot of attention. Additionally, as a domestic blockchain platform in the U.S., SOL is expected to gain an application for a SOL ETF with Trump’s election, further boosting its influence in the capital market.

Therefore, in the past week, net inflows into Bitcoin ETFs have reached $2.3 billion, which may indicate the market's optimism regarding Trump's election and Bitcoin.

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