Kamala Harris Meme Coin soars 40%, hits unprecedented levels
Kamala Harris Meme Coin– Following recent events, the KAMA meme coin surged by more than 40% in a single day, reaching $0.02373 and nearing its all-time high, with a market cap exceeding $20 million. According to data from GeckoTerminal, this represents a remarkable 666% increase since the start of July, driven by heightened speculative interest. The timing of KAMA’s rally coincides with President Joe Biden’s decision to withdraw from the 2024 election race, sparking rumors about his health due to his absence and a positive COVID-19 diagnosis.
These developments triggered extensive speculation on social media platforms, notably on X (formerly Twitter), where the hashtag Where’s Joe trended worldwide. Additionally, Kamala Harris’s rise as the Democratic nominee has piqued the crypto community’s interest, prompting many to shift their investments toward KAMA. This shift primarily hinges on speculative bets surrounding Harris’s political future.
Moreover, centralized exchanges like HTX and Poloniex have announced the listing of KAMA. The recent success of Democratic fundraising, amassing $81 million in just 24 hours, has further bolstered trader sentiment.
Despite these developments, Harris has yet to comment on her stance regarding crypto. Meanwhile, her anticipated opponent, Republican Donald Trump, has publicly endorsed the crypto market and is set to speak at the upcoming Bitcoin 2024 conference.
Currently, political betting markets estimate Harris’s chances of winning the US Presidential election at 32%, influencing many to view this as a metric for speculating on the KAMA meme coin.
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