Donald Trump is about to return to workplace on Monday, January 20. In anticipation of the brand new regime, crypto degens are utilizing Solana meme cash to gamble on who the forty seventh President of the US will pardon.
Betters on Polymarket, a crypto prediction market, rank Ross Ulbricht, the founding father of on-line black market Silk Street, because the most probably single individual to obtain a pardon from Trump at 74%. This comes months after the Republican pledged to pardon Ulbricht as soon as in workplace. Unsurprisingly, the Silk Street founder clearly welcomed the information.
As such, a spree of Solana meme cash have been created with degens wagering that their value will soar in worth when (or if) Trump follows by together with his promise.
Solana meme coin Ross Ulbricht (ROSS) was created amid the pardon promise in Might, spending many of the yr beneath a $1 million market cap. However in November, when Trump secured victory within the U.S. election, the token went parabolic. It soared greater than 3,300% over the next month to a market cap of $15 million. Regardless of a few corrections, the token has continued to climb one other 97%, now sitting at a market cap simply shy of $30 million.
Ulbricht was sentenced to life imprisonment for drug trafficking, laptop hacking, and cash laundering. These fees had been in relation to founding Silk Street, a darknet market that allowed something to be offered on it which used Bitcoin (BTC) as the first type of foreign money. Whereas principally recognized for promoting unlawful medicine, the positioning additionally offered authorized merchandise like clothes and even had its personal ebook membership.
As such, there’s a couple of meme coin devoted to Ulbricht’s freedom.
Free Ross Ulbricht (FREEROSS) has additionally climbed over 900% to a market cap over $1.5 million since Trump’s victory. Equally, Lifeless Pirate Roberts (DPR), a Solana meme coin devoted to Ulbricht’s on-line pseudonym, has climbed 19,949% to a market cap of $890,000 over the identical time-frame.
On Thursday, Pump.enjoyable token Rosscoin (ROSSCOIN) launched catapulting to a $35 million market cap in a matter of hours. This token has a web site the place gamers can stroll round interacting with objects to study extra about Ulbricht’s story. On prime of this, it additionally seems the token has an AI angle, with its X account managed by an obvious framework that makes use of a number of AI brokers.
Apart from Ulbricht, there aren’t big quantities of Solana meme cash devoted to doable Trump pardons. However, there are others.
A Pump.enjoyable token, launched in June, migrated in December as degens speculated that CIA whistleblower Edward Snowden could be pardoned. On the time of writing, Solana meme coin Pardon Snowdon (SNOWDEN) sits at a $700,000 market cap.
On Polymarket, crypto betters imagine that Trump is most probably to pardon any of the January 6 protesters inside his first 100 days in workplace, at a 97% likelihood. In second is Ulbricht, adopted by New York mayor Eric Adams, who’s going through federal fraud and corruption fees, then WikiLeaks founder Julian Assange and Snowden.
Edited by Stacy Elliott.
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