Elon Musk, Justin Sun Endorse Donald Trump for President After Failed Assassination Attempt

Tesla CEO Elon Musk and Justin Sun of Tron have endorsed Donald Trump for President after a failed assassination attempt on him on July 13. This came to light in the middle of a crucial time putting a different spin on the presidential election.

Tesla CEO Elon Musk and Tron founder Justin Sun have endorsed Donald Trump for President following the failed assassination attempt on him.

This news emerged during a critical period in the presidential election, adding a new twist to the campaign.

After Trump survived the assault on July 13, these prominent figures in the tech and crypto industries quickly voiced their support.

Musk expressed his preference for X and sent his well-wishes to Trump, while Sun later joined the conversation, endorsing Trump as a good candidate for the future of the crypto market.

Crypto Community’s Response to Political Developments

The response to these endorsements has been noteworthy, as they could potentially influence the crypto industry's political stance.

This marks a shift from the long-standing perception of the crypto community as non-partisan, with leading figures now openly supporting a presidential candidate.

These endorsements have also sparked activity in the cryptocurrency market. Following the news, Bitcoin's value rose by 2.17%, while Ethereum experienced a 1.07% increase.

Additionally, MAGA (TRUMP), the memecoin linked to former US President Donald Trump, soared by over 50%. The MAGA (TRUMP) crypto surged, reaching a high of $10 before trading at $7.97 at the time of writing.

MAGA (TRUMP) trading volume surged, with a 1940.27% increase in payments, reaching $65,186,894. This remarkable increase is attributed to the growing interest in the token, fueled by recent events.

Moreover, due to MAGA (TRUMP)'s trading activity in the market, its market capitalization saw a substantial increase of 24.99%, reaching $350,653,758.

Impact on the Presidential Race

The timing of these endorsements could influence the outcome of the election, according to betting markets and political analysts, despite the fact that the vote is still months away.

A Polymarket survey indicates a 71% probability of Donald Trump winning the presidency, compared to only 17% for Joe Biden.

These endorsements have broader implications beyond immediate political support, impacting voter sentiment. The public expressions of support from Musk and Sun may encourage other leaders in the tech and finance sectors to voice their preferences.

The voter perception is influenced by these endorsements, and the support from personalities like Musk and Sun fosters a positive environment for other executives in the tech and financial industries to follow suit.

The above is the detailed content of Elon Musk, Justin Sun Endorse Donald Trump for President After Failed Assassination Attempt. For more information, please follow other related articles on the PHP Chinese website!