Polymarket data shows Trump's election probability has risen to 61%, Solana and Bitcoin welcome strong benefits

News on November 5th, recently, data from the decentralized prediction market platform Polymarket shows that former President Donald Trump's probability of winning in the 2024 U.S. election has risen to 61%, attracting widespread attention in the crypto community. At the same time, a large number of Trump-related tokens and predictive activities have rapidly emerged on Solana (SOL) blockchain, highlighting the deep intertwining of blockchain with political events.

As a decentralized prediction market, Polymarket reflects market expectations for various events through user betting. Unlike traditional polls, these platforms pay more attention to changes in capital flow and market sentiment and have attracted over $3 billion in "hard cash" support. They have become an effective reference for analyzing political situations while being more persuasive. If Trump is successfully elected, he will definitely implement crypto-friendly policies which would directly benefit Solana and Bitcoin.

Solana as an important platform for American DeFi and NFT projects will attract more innovative projects and capital injections under a relaxed regulatory environment which could accelerate user growth and capital aggregation. Recently many users who created Trump concept coins on Solana chain saw significant increases attracting much attention. In addition SOL as an American native blockchain platform is expected to apply for SOL ETF with Trump's election further boosting its influence in the capital markets.
At the same time with high probability of Trump's election because he promised to make Bitcoin part of national strategic reserves therefore over past week net inflow into Bitcoin ETF reached $2 billion indicating positive outlook by markets towards both his potential election victory bitcoin.