In the US East time on Monday, the stock price of Donald Trump's $Trump Media & Technology (DJT.US)$ soared by 21.59%, attracting market attention.

As a well-known "donald trump" stock, DJT has surged nearly 280% in recent weeks, demonstrating the market's growing confidence in Donald Trump's chances of winning the election.

An event ignites confidence in Trump's victory.

What sparked the enthusiasm for the soaring DJT was a campaign event by Donald Trump. On Sunday US East time, Trump held a high-profile campaign event at Madison Square Garden in New York, once again boosting market confidence in Trump's chances of winning.

Trump's rally at Madison Square Garden was incredibly popular, with not only all 0.02 million seats in the venue filled, but also large crowds standing outside – according to Musk, around 0.07 million people showed their support on the streets around the venue.

This event invited several heavyweight speakers including Elon Musk, kicking off the final stage of Donald Trump's campaign before the November election day.

Musk was campaigning for Trump at the rally.

It is worth mentioning that New York itself is one of the strongholds of the Democratic Party, but Trump's rally here has garnered so many supporters, undoubtedly highlighting his extremely high popularity.

Trump's chances of winning have soared.

Although some speakers were condemned for their provocative remarks at this event, it seems that this has not shaken people's confidence in Trump's victory. In recent weeks, as people increasingly believe that Trump may return to the White House, DJT's stock price has continued to rise.

Since September 23, the Trump Media Group's stock price has risen by about 280% in total, currently at its highest level since June.

Other meme stocks related to donald trump also received a boost on Monday: Conservative video network Rumble's stock price rose 12% intraday on Monday. At the same time, software company Phunware, which participated in Donald Trump's 2020 campaign, also saw a 15% increase in its stock price at the Monday opening.

Since DJT went public in March this year, investors have closely linked the company's stock price to Donald Trump's chances of winning, so the company's stock price trend is also seen as reflecting Trump's chances of winning.

Against this backdrop, the company's continuous five weeks of growth have reversed the sustained downturn since the summer. Despite the company's current poor fundamental performance and weak profitability, Donald Trump Media Group's current market cap has exceeded $9 billion.

Trump owns nearly 57% of Trump Media's shares. According to Forbes, based on the highest price during Monday's trading, the total value of these shares is approximately $5.4 billion, more than half of Trump's net worth.

Although polls show that Trump is currently neck and neck with his Democratic rival Harris in terms of public support, many gambling websites indicate that Trump's recent chances of winning are rising. For example, the gambling platform Polymarket shows that since early October, the market's bet on Trump's victory has been steadily increasing. As of now, the platform indicates that the market believes Trump's chances of winning are 66%, while Harris only has 34%.

Donald Trump (red) and Harris (blue) winning probabilities.

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