JAKARTA - In the fight for the White House seat, Tesla CEO Elon Musk and Tron founder Justin Sun finally gave their support to former US President Donald Trump. This support comes after the failed assassination attempt against Trump on July 13.
This upcoming election has long been considered the first in which crypto affiliates may be very meaningful. In preparation, Donald Trump survived an assassination attempt by a 20-year-old youth. This series of chaotic events made the market react quite resiliently, suggesting that the industry has confidence in Donald Trump.
Quoted from Coingape, the price of Bitcoin jumped more than 1.77% to 59,659 US Dollars (approximately IDR 965 million). Ethereum (ETH) leads the revival of altcoins, recording a growth of 1.07% to 3,184 US Dollars (approximately IDR 51 million). Donald Trump's memecoin MAGA (TRUMP), jumped more than 50% to 8.27 US Dollars (approximately IDR 133,808) at the moment this article was written.
In addition to the retail market response, respected leaders in the industry also voiced their support. Elon Musk posted on social media platform X, saying he supports Donald Trump while praying for his recovery.
Tron founder Justin Sun shared the same post on X, adding that Trump is a better choice for the crypto industry and can ensure fairer treatment.
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This attitude is arguably debatable, given the important balance efforts made by the Biden Administration to win votes from the crypto community. Although the election is still a few months away, opportunities at the Polymarket show that Donald Trump will emerge as President again soaring to 71%, compared to Joe Biden, who is only 17%.
Although this is only the perception of the predictors, this projection generally reflects the sentiment of the crypto market.
Justin Sun's actions seem to follow in Elon Musk's footsteps. Like Musk bought Twitter and reshuffled it into an X social media platform, Sun is also strikingly eyeing to buy Chinese competitor X Weibo.
Justin Sun's support for Donald Trump comes just hours after Elon Musk shared his post on X. Although Sun's move looks pretty clear, it is not yet known how many more crypto leaders will officially support Donald Trump based on Musk's influence.
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