- Kamala Harris and Donald Trump stirred the pot with an ‘unhinged’ debate.
- Both Presidential candidates deliberately skipped crypto discussions.
- Donald Trump-themed TRUMP coin slides 80% from all-time peak.
The first presidential debate between Donald Trump and Kamala Harris has stirred controversy across the United States and beyond. As the first debate following President Joe Biden’s drop out, the ABC-hosted event has affected the sentiment surrounding political meme coins.
Holders of the Trump-flavored MAGA (TRUMP) meme coin were shocked by its rapid plunge to below $3, unseen since August 21, 2024. MAGA shredded the remaining part of its monthly gains by slumping from $3.42 to $2.92 in about an hour. Trump’s publicly-tracked crypto wallet slimmed by $272K, as the 45th President has 579.29K MAGA tokens.
Trump & Harris Tied on Polymarket
The debate caused a significant shift in the prediction markets, as Democratic candidate Kamala Harris managed to even the score and erase the slight edge her Republican counterpart had.
The negative sentiment extended to other PolitiFi tokens using Trump’s name. For instance, the Make America Great Again Hat (MAGA) slid by 20.3% over the past 24 hours, shredding over $9 million in market capitalization.
With 55 days left until voters decide on Biden’s successor in the White House, it’s still anyone’s game. While Harris has yet to voice her opinion on cryptocurrency, Trump’s chances of securing the crypto vote remain under question.
While more crypto figures support Trump, recent hacks on X and Donald’s questionable claims about immigrants eating cats and dogs during the debate could have planted uncertainty and second-guessing among his supporters.
On The Flipside
- Kamala Harris-themed cryptocurrencies made a strong comeback during ABC’s presidential debate, but they later faced a similar fate to Trump-decorated coins.
- To illustrate, the satirical Kamala Horris (KAMA) coin surged by 7% during the debate but later fell over 11% to return to its pre-debate position, priced at $0.0076.
Why This Matters
The United States political scene is becoming closely tied to blockchain technology, as politicians are competing for influence in the crypto electorate.
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