Kamala Harris Meme Coin Skyrockets as Nominee Odds Hit 92%
A new Kamala Harris parody meme coin called Kamala Horris ($KAMA) is surging in price after bookmakers gave the US Vice President a 92% chance of being the Democrat Presidential candidate following incumbent Joe Biden’s withdrawal from this year’s race on Sunday.
According to the data, Kamala Horris rose 62% overnight to trade at $0.03707 as of this writing.
This price point represents a seven-day increase of 732.5% and a staggering 2993% increase from 30 days ago.
The election season is a key driver of many parody meme projects in recent weeks.
This includes the plethora of Trump coins that surged on certain key news, (like Biden’s withdrawal and the failed assassination attempt on the newly crypto-friendly forty-fifth President), and also Jeo Boden ($BODEN), a meme coin parody of President Biden.
That said, Kamala’s meme coin $KAMA appears to be outdoing them both, according to the data. Jeo Boden is down across the board, after losing 28% overnight, 65% over the week and 83% over the month.
Leading Trump meme coin MAGA ($TRUMP) is also posting losses for its holders, having shed 3.3% overnight, 18% over the week and 7% over the last 30 days.
So, the biggest winner from the news cycle though is undoubtedly Kamala Horris ($KAMA).
The meme coin parody of Democrat Vice President Kamala Harris slowly gained traction over the last few weeks, even before Biden’s withdrawal.
Last week, news broke that one savvy trader managed to turn a $960 purchase into $77,829 over the course of three weeks, generating returns of ~8,100%.
Beyond election fever, another seminal event is shaping the meme coin landscape this year with a brand new presale that has so far raised a quarter of a million dollars.
The 2024 Paris Olympics meets Meme Coin
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