Crypto bettors wager on Zelenskyy’s fate amid Trump row
Crypto bettors are now putting wagers on the fate of Ukrainian President Volodymr Zelenskyy after a small row with United States President Donald Trump. Zelenskyy was kicked out of the White House yesterday, with Trump taking to social media to blast him for not being thankful.
According to reports from the polygon-based betting platform Polymarket, users are now placing wagers on how long the Ukrainian president will remain in his role. More than $500,000 in bets have been placed by crypto bettors on Zelenskyy leaving office before July.
While the platform notes that Zelenskyy’s fate hangs in the balance, it puts the likelihood of an early departure at 26%. The Ukrainian president visited the White House yesterday in what was supposed to be a high-stakes negotiation. However, things went sideways when the negotiation became explosive at the Oval Office. Zelenskyy ended up walking out and Trump made it clear that a peace deal was off the table for now.
Zelenskyy’s heated meeting with Donald Trump
Zelenskyy met with US President Donald Trump and his Vice JD Vance at the Oval Office, discussing the ongoing war with Russia and other deals. The subject proved to be a touchy one as it ended in disagreement, with Trump accusing Zelenskyy of being an uncooperative ally. He also said he didn’t even show any gratitude towards the United States.
Trump mentioned that during the negotiations, it was evident that Zelenskyy still had hate towards Putin in his heart, noting that he won’t be able to make a deal with that kind of hate.
“You see the hatred he’s got for Putin, that’s very tough for me to make a deal with that kind of hate,” Trump said. According to reports, Trump accused Zelenskyy of not acknowledging and appreciating the efforts of the United States to back Ukraine in the war that has now reached three years.
According to sources inside the room, Trump wanted Zelenskyy to make a minerals deal with the United States, with the US President pressing him for the deal. “You don’t have the cards right now,” he said. “You’re either going to make a deal or we’re out, and if we’re out, you’ll fight it out and I don’t think it’s going to be pretty.”
Trump also accused the Ukrainian president of gambling with World War III, noting that he was using the United States’ involvement in the ongoing war as a bargaining chip.
Crypto bettors want Zelenskyy to be ‘thankful’
Currently, crypto bettors have wagered more than $21 million on the likelihood of Ukraine’s war with Russia ending in the first three months of Trump’s reign as president. Trump had promised during his campaign that he was going to do everything in his capacity to ensure that the war ends when he gets into the Oval Office.
According to records on Polymarket, the likelihood of the bet now stands at 23% following the meeting on Friday. Meanwhile, users on the platform have begun to show their frustrations, urging Zelenskyy to show gratitude to the United States for helping his country. A user on the platform said: “[Zelenskyy] should’ve thanked the American people, how hard can it be to show some gratitude?”
Polymarket has hosted similar wagers on its platform, with the betting website allowing crypto bettors to wager on the likelihood of former President Joe Biden dropping out of the 2024 United States presidential contest. The website also opened up wagers to crypto bettors for the winner of the 2024 United States presidential election, tipping the eventual winner, Donald Trump for a win ahead of opponent, Kamala Harris.
“Prediction markets give people a financial motivation for conducting thorough research and making rational analysis before placing their bets, and they provide a much higher level of accuracy versus traditional polling because of this financial motivation,” a former exec at Polygon Labs said.
Ukraine is now proposing a crypto tax of up to 10% to support its economy, with the promise of additional support from the United States dwindling.
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Is Pi Network (PI) on the Verge of a Breakout or Breakdown?
- Global crypto market cap is up 5.03% to $2.79T, but PI is down 1.75%.
- CMF at 0.04 shows weak demand; a rise above 0.10 could confirm stronger buying pressure.
The global crypto market cap stands at $2.79 trillion, marking a 5.03% increase over the last 24 hours. While most cryptocurrencies are trading in the green, Pi Network is showing bearish momentum.
Currently, PI is priced at $2.05, reflecting a 1.75% decline in the past day. The market capitalization remains at $13.84 billion, with no change, while the 24-hour trading volume has dropped by 27.83% to $1.28 billion. The market cap ratio stands at 8.99%, indicating moderate liquidity.
Is Pi Network at a Crucial Level?
The immediate resistance level is at $2.10. If the price breaks above this level, bullish momentum could push PI toward $2.15 or even $2.20. On the downside, $2.00 serves as a strong support. If bears take control and break this level, PI could test $1.95 or lower.
The Relative Strength Index (RSI 14) is at 39.38, indicating that PI is nearing oversold conditions. The RSI average stands at 45.19, confirming that the price is struggling to gain strength.
If RSI moves above 50, it could signal a potential reversal. The short-term moving average is below the long-term moving average, confirming a bearish crossover. This indicates ongoing selling pressure. If PI manages to reclaim its moving average levels, it could regain bullish momentum.
The CMF (20) is at 0.04, indicating mild buying interest. However, the value is too low to confirm strong accumulation. If CMF rises above 0.10, it would suggest stronger buying pressure.
For PI to turn bullish, it must break $2.10 with high volume. If this happens, the price could move toward $2.15 or even $2.20. However, if it falls below $2.00, it may drop further to $1.95 or lower.
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