As a seasoned crypto investor with a knack for spotting trends and understanding market dynamics, I must admit that the recent performance of Kamala Horris, the meme coin based on Vice President Kamala Harris, has left me somewhat bewildered and amused.
A humorous digital currency imitating Vice President Kamala Harris, known as Kamala Horris, plummeted by approximately 93% following the announcement of Donald Trump’s victory in the U.S. Election.
Based on data from CoinGecko, the Kamala Harris meme coin experienced a significant drop in value after its launch on May 30, with its price falling by approximately 93%. Currently, it’s being traded at around $0.0007908 per unit and has a total market capitalization of about $795,938. It seems the downward trend in the coin’s price began when Donald Trump’s electoral votes were approaching the 270 mark needed to secure the presidency.
On July 24, 2024, the value of the token peaked at $0.03919, marking its highest point ever. However, since then, it has been steadily decreasing until it experienced a significant drop when it was revealed that Harris’ chances of defeating Trump in this year’s election were quite low.
The meme coin built on the Solana platform goes by the name “Kamala Harris Memetic Token,” showcasing a simplistically rendered image of Harris with her eyes gazing outwards.
The KAMA digital currency boasts a fully-diluted market cap of approximately $795 thousand and an overall circulating supply of around 995 million tokens. Over the past four weeks, as per CoinGecko statistics, the value of KAMA has plummeted by a significant 91.3%.
Rather than that, the MAGA TRUMP meme coin surged over 22% when it was predicted that Trump would win the election. However, its current price has dropped by about 10%, now standing at $3.06. The MAGA TRUMP has a market capitalization of $140 million and a fully diluted trading volume of approximately $795,938.
As per the most recent report from the Associated Press, Donald Trump currently holds a lead in the U.S. presidential race with 267 electoral votes. To secure an official victory, he requires only three more votes. Importantly, Trump has clinched key battleground states such as Pennsylvania, Michigan, and Wisconsin.
In an effort to garner support from cryptocurrency enthusiasts, both Harris and Trump have made efforts to appeal to this voting bloc. Trump, however, has adopted a more aggressive stance, pledging to put an end to the “crypto war” by championing advancements in Bitcoin technology and threatening to dismiss SEC Chairman Gary Gensler.
Simultaneously, Harris has pledged support for expanding investment in the cryptocurrency sector, as well as other burgeoning technologies such as artificial intelligence. Additionally, she has expressed her dedication to safeguarding crypto investors.
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2024-11-06 14:28