A meme coin based on the Twitter account ‘Vice President Kamala Harris’ parody name ‘Kamala Horris’ has drowned below 93% after some projections predicted Donald Trump for the US presidency.
The token was launched in May, and, based on data obtained from CoinGecko, it is currently at the price of $0.0007908, with a market capitalization of around $795,938. The coin’s decline was faster as Trump’s electoral votes edged closer to the necessary 270 to clinch the presidency.
After starting as high as $0.03919 on July 24, 2024, this token’s value stagnated and declined, sharply falling just as news broke that hinted at Harris’s impossibility to defeat Trump. The meme coin built on Solana features Harris’s cartoon likeness and the ticker KAMA. It has a supply of 995 million tokens. The NASD KAMA has reduced by over ninety-one percent in the last month.
Kamala Harris Courts Crypto Community Amid MAGA Token Surge
On the other hand, the price of the meme, or “crypto-token,” that is referred to as “MAGA TRUMP, ” rose by 22% with the announcement of Trump’s projected win. The marketing ticked the price a little and then pulled it back down to $3.06 today, a 10% decline that keeps MAGA TRUMP’s market cap at $140 million.
According to the latest information from the Associated Press, Trump currently has 267 electoral votes; only three are needed to win. He has already secured the swing states, including Pennsylvania, Michigan, and Wisconsin.
Though Trump does not have a specific program for the crypto world, he has sought the group’s support, while Harris is also bidding for the crypto community’s support. Trump has vowed not to continue what he terms the ‘war on crypto,’ which he promised to support Bitcoin advancement and fire Gensler.
On the other hand, Harris has pledged support for developing the crypto industry. He has pledged to support investor protection and investments in the following sectors, including new technologies such as artificial intelligence.
The performance of these meme coins best evidences the changing nature of the political impact on the crypto in the light of the 2024 election campaign.
