Dark MAGA coin spikes after Elon Musk, Trump rally speech

Elon Musk’s look at a Donald Trump rally in Butler, Pennsylvania on Saturday impressed a large rally within the Darkish MAGA meme coin after the X.com proprietor instructed these in attendance that the election was a “must-win scenario.”
“As you may see, I’m not simply MAGA, I’m darkish MAGA,” Musk, sporting a black “Make America Nice Once more” hat, instructed the group.
The Darkish MAGA (DMAGA) meme coin subsequently jumped over 316% ever since.
The rally was Trump’s first in Butler since he survived an assassination try there in July. Shortly after the taking pictures, Musk endorsed Trump, citing his response to the assault.
On the time, President Joe Biden was nonetheless operating for re-election. He dropped out of the presidential race on July 21 and endorsed Vice President Kamala Harris to be the Democratic nominee.
What’s Darkish MAGA?
Darkish MAGA is simply one of many many, irreverent tokens which have emerged lately seemingly impressed by Trump, who was as soon as a crypto skeptic however is now an ardent supporter of the sector.
It will get its title from a sequence of “Darkish MAGA” memes created in 2024, depicting Republican nominee Trump as a vengeful, authoritarian determine, typically with laser eyes. This was a riff on the “Darkish Brandon” meme, which emerged as a pro-Biden satirical response portraying the president typically with purple laser eyes.
And “Darkish Brandon” is, in flip, a riff on “Let’s go, Brandon!” — a conservative euphemism Trump supporters used to criticize Biden. The “Let’s go, Brandon!” meme was mockingly embraced by Biden supporters, who co-opted “Darkish Brandon” as a logo of Biden’s accomplishments, flipping the unique satirical intent.
However Musk’s embracing of Darkish MAGA appeared to be in earnest.
Musk flips the script
As soon as Trump launched Musk to the stage, the Tesla CEO leaped into the air a number of occasions whereas supporters cheered.
Musk urged these in attendance to vote and warned in his speech that “this would be the final election” if Trump doesn’t win in November.
Musk was seemingly flipping the script on Trump’s critics, who typically cite examples of Trump’s autocratic tendencies to lift issues about the way forward for American democracy beneath his affect.
Along with an try and overturn the 2020 election outcomes, Trump pressured state officers, corresponding to Georgia’s Secretary of State, to “discover” sufficient votes to declare him the winner. The twice-impeached former president additionally expresses admiration for authoritarian figures like Russian President Vladimir Putin and North Korean chief Kim Jong-un.
Musk, Trump bromance
Darkish MAGA isn’t the primary satirical cryptocurrency impressed by the Musk/Trump alliance. Recall how the so-called Division of Authorities Effectivity (DOGE) coin surged after Musk tweeted his need to steer a authorities effectivity fee if Trump is re-elected.
Since then, the meme coin’s worth has fallen off a cliff.
In the meantime, political polls present a good race between Harris and Trump.
Harris led Trump by 3.4 factors within the nationwide common maintained by The Hill/Decision Desk HQ as of Friday night.
Each candidates have appealed to billionaires. Along with Musk, PayPal co-founder Peter Thiel, the Winklevoss twins and on line casino tycoon Steve Wynn have all expressed assist for Trump’s re-election.
Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs; Reid Hoffman, the LinkedIn co-founder; Illinois Gov. JB Pritzker; and Mark Cuban, minority proprietor of the Dallas Mavericks NBA group, endorsed Harris.