Less than three weeks before the US elections, former President Donald Trump is holding steady, at least according to the betting markets. According to Polymarket, users bet on a nearly 59% chance 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 website suffered lengthy glitches and outages. According to reports, the website was inaccessible most of the day, and only around 4,300 unique addresses held the coin, way below the expected 100,000 individuals expected to participate.
Trump And His Crypto Dreams
Donald Trump led the launch of WLF’s token, which many view as his deeper engagement in the crypto space and can 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).
World Liberty Financial aims to transform into a crypto bank, and its co-founder, Zachary Folkman, expects over 100,000 individuals to be on their list to invest. However, due to multiple outages throughout the day, only around 4,300 wallets managed to hold the token, representing just 4% of the total in registration.
WLF And Its Crypto Roadmap
According to a WLF proposal, the launch aims to raise $300 million, giving its token a $1.5 billion valuation after the initial sale. According to Folkman, 20% of the token is allotted to its founding team, which includes Trump.
The WLFI coin is a Regulation D token, allowing it to raise capital initially, even without an SEC registration. However, certain conditions must 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 latest 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 lately. Harris takes a more cautious approach and advocates for “new and innovative technologies.”
However, if we follow Polymarket’s data, Trump’s message resonates with this election cycle. Three weeks into the elections, he’s the current leader, accounting for over $561 million in betting volume compared to Harris’ $381 million.
Featured image from Council on Foreign Relations, chart from TradingView
