The Vice President Kamala Harris-inspired meme coin, KAMA, saw its price more than double on Sunday following President Joe Biden's announcement that he would not seek re-election. KAMA hit an all-time high of 2.4 cents, bringing its market cap to $24 million, nearly four times larger than the Biden-themed BODEN coin.
KAMA price on July 22 Source: tradingview
BODEN, once a leading crypto in the PolitiFi space, fell nearly 50% after Biden's announcement. This political shift has led to a flurry of new meme tokens on the Pump.fun platform, poking fun at both Harris and Biden. These tokens are mostly traded on the Solana blockchain and are expected to experience significant volatility.
boden price on July 22 Source: tradingview
Harris received endorsements from Biden, Bill Clinton, Hillary Clinton, and Senator Elizabeth Warren. Harris expressed her gratitude and determination to unite the Democratic Party and defeat Donald Trump.
Since the June 27 debate, the Biden-themed meme coin dropped nearly 75%, while the Kamala Harris-themed KAMA surged by nearly 250%. The KAMA coin, known for its deliberately misspelled name and cartoon depiction of Harris, saw its market cap grow from $3.5 million to $11.9 million post-debate, though it has since decreased from a peak of $22.2 million.
KAMA reached a peak price of over 2 cents on July 3. Source: DEX Screener
Harris is considered the top choice to replace Biden if he officially drops his re-election bid, according to sources within the Biden campaign, the White House, and the Democratic National Committee. This speculation has driven interest and volatility in Harris-themed meme coins.
Meme coins referencing Joe Biden's death rumours have emerged and gained quick market attention. Despite debunked claims, investments in these coins highlight the speculative nature of cryptocurrency markets.
EdmundTrump and Biden are locked in a bitter battle over the future of cryptocurrency, with Trump slamming Biden's "total ignorance" on the issue. Meanwhile, Biden's administration is waging a relentless crackdown on crypto, with the SEC unleashing a wave of enforcement actions and fines. The crypto community is reeling from the onslaught, with many fearing the end of the DeFi dream?
ZoeyTrump's shift to support cryptocurrencies is reshaping political dynamics, potentially influencing the upcoming election and boosting the value of pro-Trump memecoins. Robert F. Kennedy Jr.'s pro-crypto stance offers an alternative vision, emphasising regulatory clarity and innovation in the industry's future.
AnaisTrump's reversal on Bitcoin, openness to crypto donations, and comments on meme tokens like BODEN and MAGA trigger optimism. BODEN surges 16.5% to $0.42, MAGA rises 35% to $5.7. Renewed interest in crypto community amid Trump's unexpected support.
Xu LinPoliFi, the fusion of meme coins and politics, sees tokens like Tremp and Boden surge in value on the Solana blockchain, reflecting a playful yet lucrative approach to political betting. With their irreverent charm and potential profitability, PoliFi meme coins offer investors a unique opportunity to engage with both crypto assets and political fervour.
AnaisAllegations of Kamala Harris calling Bitcoin "criminals' money" have sparked debate, though evidence is lacking. Meanwhile, the unofficial KAMA meme coin has seen a dramatic rise in value.
ZeZhengBiden withdraws, backing Harris; Polymarket bets swing wildly, meme coins react dramatically.
HafizCrypto traders are once again better at the very serious business of the Presidential election on very silly meme coins, including one for Vice President Kamala Harris that more than doubled in price after President Joe Biden announced his decision not to seek re-election.
XingChiWe can attribute this to the fact that retail investors can no longer make any money under the current market structure.
JinseFinanceKraken lists BONK and WIF meme coins for UK users, alongside other new coins. Expansion includes TradeStation Crypto and Coin Meester B.V. acquisitions. Kraken Wallet offers open-source solution for diverse blockchain assets, enhancing security.
EdmundThe volatility of MemeCoins may negatively impact portfolio stability.
JinseFinanceCoinbase is attempting to change the narrative around cryptocurrencies as part of an upcoming television advertisement campaign.
OthersMetaverse is still very much important as the days of the internet are taking a new shape with the migration of different projects into Web3.
NulltxThe longer the cryptocurrency bear market wears on, the closer the valuations of Dogecoin and Shiba Inu have become.
BitcoinistINTERNET CITY, DUBAI, Jul. 20, 2022 – LBank Exchange, a global digital asset trading platform, has listed CRYPTOKKI COIN (TOKKI) ...
Bitcoinist