Kamala Harris Memecoin, What Happened?

Bittime - Kamala Harris' memecoin more than doubled after President Biden announced the cancellation of his re-election campaign, while BODEN coin fell nearly 50%. Learn more about this political impact on the Pump.fun platform.

Kamala Harris Memecoin Experiences Price Increase

Crypto traders are using the absurd meme coin to once again bet on a significant presidential political issue. One is a coin for Vice President Kamala Harris, the price of which more than doubled on Sunday.

President Joe Biden's announcement of canceling his re-election campaign saw KAMA hit its all-time high of 2.4 cents within minutes. The BODEN coin, inspired by Biden, once a crypto magnate called PolitiFi, fell nearly 50% after Biden's announcement. KAMA has a market cap of $24 million currently.

What happened?

Early in the launch of Pump.fun, a meme platform, traders took advantage of political changes to create a new wave of tokens opposing Harris and Biden. Due to the fact that history can serve as a byline, most of these tokens will likely experience a decrease in value due to interactions between sellers and buyers in the game of ordering chicken on the Solana (SOL) blockchain, where most meme coins are traded.

Biden Endorses Harris in Presidential Campaign

Biden, as well as former President Bill Clinton, former Secretary of State Hillary Clinton, and crypto critic Senator Elizabeth Warren, endorsed Harris in the presidential campaign.

Conclusion

After President Joe Biden announced that he would not continue his election campaign, the Kamala Harris memecoin saw a significant price increase. The BODEN coin, inspired by Biden, fell nearly 50% after the announcement. On the other hand, the price of KAMA more than doubled, reaching an all-time high of 2.4 cents.

Through the Pump.fun platform, crypto traders took advantage of political changes to generate a new wave of tokens opposing Harris and Biden. Instead, history shows that many of these tokens will likely lose value due to buying and selling dynamics on the Solana (SOL) blockchain.

Harris received strong support in the presidential campaign thanks to endorsements from political figures such as Senator Elizabeth Warren, former President Bill Clinton, and former Secretary of State Hillary Clinton.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

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