Kamala Harris meme coin (KAMA) has skyrocketed in worth after President Joe Biden introduced he’s not operating for re-election.
What’s the importance: Biden’s choice modifications the political race and, maybe sadly or happily, the political meme coin market, with KAMA now main in reputation amongst political meme cash.
- This rise reveals how merchants are more and more betting on political occasions by means of meme cash, mixing politics with cryptocurrency developments.
The numbers:
- KAMA Value: Reached 2 cents, a brand new excessive.
- Market Cap: $24 million.
- BODEN Coin: Fell by almost 50%.
- TREMP Coin: Rose by over 20%.
Key quote:
“I am honored to have the President’s endorsement and my intention is 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 Project 2025 agenda.”
Kamala Harris, Vice President, United States
What’s subsequent:
- Control the meme coin market and the Democratic Get together’s subsequent strikes as Harris campaigns for the presidency.
- Harris will attempt to unite the Democratic Get together and problem Donald Trump within the upcoming November election.
- In the meantime, crypto merchants will proceed to search for new alternatives primarily based on political modifications.
This text is a press release despatched to BitPinas: Information Transient: Kamala Harris Meme Coin Soars After Biden Exits Race
What else is going on?