Kamala Harris (KAMA) has seen a significant surge in value after President Joe Biden announced he will not run for re-election.
Why it matters: Biden’s decision changes the political race, and perhaps unfortunately or fortunately, the political meme coin market, as KAMA is now at the forefront of popularity among political meme coins.
This rise shows how traders are increasingly betting on political events through meme coins, merging politics with cryptocurrency trends.
Numbers:
KAMA price: Reached 2 cents, a new record. Market cap: $24 million. BODEN: Down by about 50%. TREMP: Up by more than 20%.
Key quote:
“I am honored to have the President’s endorsement, and I intend to earn and win this nomination. I will do everything I can to unite the Democratic Party — and our nation — to defeat Donald Trump and his radical “Project 2025” agenda.”
Kamala Harris, Vice President of the United States
What then:
Keep an eye on the cryptocurrency market and the next steps the Democratic Party will take under Harris’ presidential campaign. Harris will try to unite the Democratic Party and challenge Donald Trump in the upcoming elections in November. Meanwhile, crypto traders will continue to look for new opportunities based on political changes.
This article is a press release sent to BitPinas: News Brief: Kamala Harris Meme Coin Soars After Biden Drops Out of Race
What else is happening?