The Kamala Horris (KAMA) meme token has grown to a historic high amid the announcement by US President Joe Biden about the termination of the election campaign.
Vice President Kamala Harris became the main candidate of the Democratic Party. Meme coins dedicated to her have risen sharply in price: KAMA quotes have jumped about three times to $0.03. At the time of writing, the exchange rate has adjusted to $ 0.02, the capitalization of the coin is $19 million.
A 15-minute KAMA/SOL chart on the Raydium decentralized exchange. Data: DEX Screener.The total value of the Cumala Whoris (CUMALA) coin launched on July 21 reached $455,000 with a trading volume of $3.5 million. The indicators of Dark Harris (HARRIS) turned out to be more modest — $59,000 and $617,000, respectively.
Formally, the candidacy of the candidate for the post of president from the Democratic Party will be approved by the congress in August. Biden supported Harris' campaign. Former President Bill Clinton, former Secretary of State Hillary Clinton and Senator Elizabeth Warren did the same, according to CoinDesk.
"It is a great honor for me to receive the support of the president, and I intend to earn and win this nomination. I will do everything in my power to unite the Democratic Party — and unite our nation — to defeat Donald Trump and his extreme agenda," the vice president said.
The price of the jeo boden token (boden) collapsed after the statement of the current head of state by 57%, to around $0.01. The capitalization of the asset decreased to $6.6 million.
A 15-minute boden/SOL chart on the Raydium decentralized exchange. Data: DEX Screener.Meme tokens dedicated to members of the Biden family demonstrated a deep drop. The quotes of the Jill Boden coin have lost more than 82%, and the Hunter Biden's Laptop (LAPTOP) exchange rate has lost over 45%. The market capitalization of the two coins fell below $100,000.
But the price of the No More Boden (NOBODEN) token issued against the background of what is happening increased by 145% in a couple of hours, and the volume of trading in the asset reached $ 2.5 million.
MAGA (TRUMP) quotes jumped to $8 at the moment, but during the correction, the coin lost 5% over the past day. The leading meme coin on the topic of Donald Trump is trading at $6.7 - below the levels preceding Biden's statement.
Biden's move has shaken up the Polymarket market
Polymarket, the largest online prediction market, estimates the chances of Harris replacing Biden in the presidential race at 85%. She is ahead of former First Lady Michelle Obama by a wide margin (5%).
Meanwhile, the position of one of the traders who put ~$12,490 on Harris' nomination rose to ~$768,923. This means a gain of more than 6,000%.
This trade is going in the hall of fame. pic.twitter.com/bvxraUqMwC
— Polymarket (@Polymarket) July 21, 2024Bets on Biden's new nomination and his victory in the November elections turned out to be useless. One of the players under the nickname AnonBidenBull lost ~ $2 million, predicting the nomination of the incumbent president as the Democratic candidate and his final victory.
'AnonBidenBull' just lost $2,000,000. pic.twitter.com/MGAoUKOx0K
— Polymarket (@Polymarket) July 21, 2024According to the bets, Trump's chances of winning the election look preferable — 64% against Harris' 29%.
The Biden administration has been criticized by the community regarding the strict regulation of cryptocurrencies. Trump has repeatedly expressed support for digital assets in recent months. As a result, a number of notable industry players like Jesse Powell and the Winklevoss brothers made large donations to his campaign.
Some, like Ripple CEO Brad Garlinghouse or billionaire Mark Cuban, admitted that the policy of the current authorities in the crypto space could cost Biden a victory.
Harris has not publicly expressed her position on digital assets. According to the financial statements for 2023, she and her husband do not own any cryptocurrencies.
Recall that Trump chose Senator J. D. Vance, known as a bitcoin supporter, as vice president.