Solciety is attracting a lot of attention as traders eye a potential big rally likely to follow the upcoming U.S. election.
This even as there’s a huge shift in focus crypto tokens related to Donald Trump. The Republican presidential candidate’s odds for November 5 election have jumped 66% on Polymarket.
However, as as Trump tokens surge, there’s notable interest in Solciety (SLCTY), the Solana-based meme coin launching on Nov. 5.
What’s Solciety?
As already hinted to, Solciety is a Solana meme coin. It’s a token in the category of political tokens, or around the investment space, PolitiFi.
While there are several PolitiFi tokens in the market, Solciety looks to elevate itself to the top of the chain with a unique approach to political meme coins. The project’s main selling point is its focus on the increasingly politically-aware crypto community.
But more than that, it’s push to be the political party for degens. Solciety is therefore eyeing the Solana plus politics combination that has catapulted the likes of MAGA, TREMP and KAMA to popular PolitiFi tokens.
Polymarket odds for Trump surge
Donald Trump’s odds on Polymarket have risen as those of Kamala Harris tumble.
Elon Musk’s endorsement of Trump and Trump’s interview with Joe Rogan stand out among major crowd pullers for Republicans as Donald Trump makes a case for his election to be U.S. president for a second term.
In the crypto space, sentiment is palpable around his chances of winning, with the odds on Polymarket surging to over 66% in favour of Trump. While some have pointed to the reasons why the odds may not be reliable, proponents point to one key factor – there’s real money online here.
Last week, in response to a New York Times article, Polymarket CEO Shayne Coplan said the website’s beauty is that “the market sets the price, not the operator.” Coplan added on X:
“The idea is if people disagree with the market price, they have the opportunity to capitalize by buying the side they think is priced too low.”
It appears the market is convinced Trump will win as the odds remain as high as 66%. Investors eyeing what could be a “Trump trade” are not just interested in MAGA (TRUMP) and related Trump tokens. There’s a massive interest in Solciety (SLCTY), the SOL token that will launch on DEX next week.
On the U.S. election calendar, that’s on voting day, Tuesday, November 5, 2024.
Solciety presale raises $1.4 million
Solciety wants to bring political satire to a new level with its Meme Campaigner tool, while at the same time advancing the meme culture via the SLCTY meme coin.
The potential for Solciety to explode when it launches next week has seen it emerge as one of the likely top “Trump trades”. This has seen its presale accelerate in stage 5, raising nearly $1.4 million in the process. Currently, SLCTY is available for just $0.002289.
Notably, purchase support includes all the popular coins – ETH, BNB and SOL. There’s also USDT and USDC, and the process of buying is simple via the official website.
