Donald Trump

Peter Todd

President Donald Trump

Television personality Jim Cramer may have indirectly signaled a victory for former United States President Donald Trump in the 2024 presidential election.
On Monday, Nov. 4, Cramer <a data-ct-non-breakable="null" href="https://www.cnbc.com/2024/11/04/cramer-says-mondays-action-suggests-some-anticipate-a-harris-win.html" rel="nofollow noopener" target="_blank" text="null" title="https://www.cnbc.com/2024/11/04/cramer-says-mondays-action-suggests-some-anticipate-a-harris-win.html">reviewed</a> the stock market’s performance and said that the moves showed growing investor confidence in a victory for Vice President Kamala Harris in the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-elections" rel="null" target="null" text="null" title="null">2024 presidential election</a>.
<blockquote>
 “I’m not sure the market’s right about what a Harris presidency would mean for business, but at least now we have a blueprint for what Wall Street thinks it’ll mean.”
</blockquote>
Some investors are taking Cramer’s Harris prediction as a sign of a Trump victory due to a phenomenon known as the “inverse Cramer” effect, which sees the opposite outcome of Cramer’s predictions come to pass.
Cramer’s prediction came a day ahead of election day in the US, where cryptocurrency is becoming a political focal point for the first time in history.
<figure>
 <img alt="Trump win confirmed? Jim Cramer says markets predict Harris win" src="https://s3.cointelegraph.com/uploads/2024-11/0192fc26-d87e-753c-a967-fd7a70619639" title="">
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 US elections coverage page. Source: Cointelegraph
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The inverse Cramer trend <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/it-s-happened-someone-s-filed-for-cramer-etfs-with-the-sec" rel="" target="_self" text="null" title="https://cointelegraph.com/news/it-s-happened-someone-s-filed-for-cramer-etfs-with-the-sec">led to an exchange-traded fund (ETF</a>) aiming to profit from shorting Cramer’s stock tips. However, the ETF was <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/jim-cramer-inverse-etf-shuts-down-10-months-after-launch" rel="" target="_self" text="null" title="https://cointelegraph.com/news/jim-cramer-inverse-etf-shuts-down-10-months-after-launch">closed and liquidated after just 10 months</a>, attracting only $2.4 million in investment and returning a negative 15% since its launch — highlighting that Cramer’s predictions are not always wrong.
<figure>
 <img alt="Trump win confirmed? Jim Cramer says markets predict Harris win" src="https://s3.cointelegraph.com/uploads/2024-11/0192fc24-1166-7a22-afce-880d51671c27" title="">
 <figcaption style="text-align: center;">
 Trump vs. Harris, winning odds. Source: Polymarket
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Polymarket odds flipped in Trump’s favor on Oct. 4, marking a sharp reversal from September. By Oct. 12, Trump <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/former-president-trump-gains-10-point-lead-harris-polymarket" rel="null" target="null" text="null" title="null">was leading by over 10 points</a>, Cointelegraph reported.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stablecoins-essential-for-us-dollar-future-paxos-ceo" rel="null" target="null" text="null" title="null">Stablecoins essential for US dollar’s future, says Paxos CEO</a>
<h2 id="polymarket-whales-are-betting-millions-of-dollars-on-a-trump-victory">Polymarket whales are betting millions of dollars on a Trump victory</h2>
Polymarket whales, or investors with large amounts of capital, continue betting millions on Trump’s victory, even on election day.
Earlier on Nov. 5, an unidentified whale, “walletmobile,” deposited nearly $5 million in USD Coin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/usdc-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/usdc-price-index">USDC</a>) on Polymarket to back Trump, with $2.8 million already placed, according to Lookonchain data. 
Another whale, “zxgngl,” Polymarket’s largest Trump backer, withdrew an additional $3.1 million in USDC for Trump bets on Nov. 5.
<figure>
 <img alt="Trump win confirmed? Jim Cramer says markets predict Harris win" src="https://s3.cointelegraph.com/uploads/2024-11/0192fc24-9797-7ab6-a872-2090d0396183" title="">
 <figcaption style="text-align: center;">
 Polymarket whale account, “zxgngl.” Source: Polymarket
 </figcaption>
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The mysterious whale holds over $18.5 million worth of “Yes” votes for Trump, with a current unrealized profit of over $528,000, Polymarket data shows.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-hit-300-m-token-listing-allegations-sun-and-cronje" rel="null" target="null" text="null" title="null">Coinbase hit with $300M token listing allegations by Sun, Cronje</a>
On Oct. 28, Cointelegraph reported that four out of the six largest Trump-voting accounts on Polymarket were <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-s-odds-near-67-as-polymarket-whale-bets-another-2-m" rel="" target="_self" text="null" title="https://cointelegraph.com/news/trump-s-odds-near-67-as-polymarket-whale-bets-another-2-m">controlled by the same entity</a>, known as “Fredi9999,” who helped bolster Trump’s odds above 60.2% by <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/polymarket-whale-trump-odds-manipulation" rel="null" target="null" text="null" title="null">buying over $20 million worth of “Yes” shares</a> up to Oct. 18.
However, transaction patterns suggest that account “zxgngl” is unrelated to the Polymarket accounts controlled by Fredi.
<figure>
 <img alt="Trump win confirmed? Jim Cramer says markets predict Harris win" src="https://s3.cointelegraph.com/uploads/2024-11/0192fc26-133d-7319-833e-c9e146045a2f" title="">
 <figcaption style="text-align: center;">
 Top Polymarket Trump-voting accounts. Source: Polymarket
 </figcaption>
</figure>
Moreover, the mysterious whale has surpassed all the accounts associated with Fredi, becoming the biggest Trump bettor on Polymarket with over 29.4 million “Yes” shares.<iframe width="100%" height="315" src="https://www.youtube.com/embed/tthVp0Vascs" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Harris vs. Trump 2024: What’s at Stake for the Crypto Market? Source: YouTube
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/microsoft-bitcoin-vote-peter-todd-satoshi-bitfinex-wallet-hack-hodlers-digest/" rel="null" target="null" text="null" title="null">Microsoft set to vote on Bitcoin, Peter Todd hiding, and more: Hodler’s Digest, Oct. 20–26</a>

Trump win confirmed? Jim Cramer says markets predict Harris win

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