Meme coins themed around Harris, who is seen as the preferred candidate to succeed Biden, have experienced a surge
On July 4th, it was reported that there was increasing pressure for Joe Biden to withdraw from the presidential race due to his poor performance in the debate with Donald Trump. As a result, the Kamala Harris-themed Meme coin has risen nearly 250% since last Thursday.
According to data from Dex Screener, the market value of Kamala Horris (KAMA) has increased from $3.5 million at the time of the debate on June 27th to nearly $11.9 million. However, its market value has declined from its peak of $22.2 million on July 3rd. The price of KAMA reached over 2 cents on July 3rd, but is currently trading slightly above 1 cent. The token is a deliberately misspelled Solana token marketed with a poorly drawn cartoon of the US Vice President.
On July 3rd, Reuters reported that if Biden drops out of the race for re-election, Harris is the top choice to replace him, citing seven senior sources from the Biden campaign team, the White House, and the Democratic National Committee. Meanwhile, according to data from CoinGecko, a similarly misspelled Meme coin for President Biden, called Jeo Boden (BODEN), has fallen more than 22% in the past day and 73.4% this week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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