Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Drops Out

YEREVAN (CoinChapter.com) — KAMA meme coin soared to an all-time high after President Joe Biden announced he was dropping out of the re-election race. The coin’s price more than doubled, hitting 2.4 cents, and its market cap reached $24 million. This makes KAMA almost four times larger than the Biden-inspired coin BODEN, which fell by nearly 50% following Biden’s announcement.

Harris Meme Coin Soars After Biden’s Exit and High-Profile Endorsements

The political shake-up led to the creation of new tokens lampooning Harris and Biden on the meme coin launchpad Pump.fun. Most of these tokens will likely drop in value as traders engage in speculative buying and selling on the Solana (SOL) blockchain, where most meme coins trade.

Biden endorsed Harris’ campaign for president, as did former President Bill Clinton, former Secretary of State Hillary Clinton, and crypto-critic Sen. Elizabeth Warren. Harris expressed her gratitude and commitment to uniting the Democratic Party and defeating Donald Trump’s Project 2025 agenda.

“I am honored to have the President’s endorsement and my intention is to earn and win this nomination,”

Harris said in a statement.

“I will do everything in my power to unite the Democratic Party – and unite our nation – to defeat Donald Trump and his extreme Project 2025 agenda.”

Meme Coin Market Reactions: KAMA Surges, MAGA and BODEN Decline

At the time of writing, the KAMA meme coin, inspired by Vice President Kamala Harris, has surged by 54.9%, reaching a price of $0.01805. The coin’s 24-hour trading volume stands at $21,420,139, with a fully diluted valuation of $17,722,441. The circulating supply is 995,559,218 KAMA coins. The price fluctuation over the past 24 hours shows a range between $0.01103 and $0.02571. This data reflects the market’s reaction following President Joe Biden’s announcement to drop out of the re-election race and his endorsement of Kamala Harris for president.

The MAGA meme coin, inspired by former President Donald Trump, is priced at $6.58, reflecting a 5.95% decrease over the past 24 hours. The coin’s market cap stands at $289,662,078, with a 24-hour trading volume of $21,187,466, representing a 207.66% increase. The circulating supply is 43,997,357 TRUMP coins, with a total supply of 46,502,452 TRUMP coins.

The BODEN meme coin, inspired by Joe Biden, is priced at $0.008462, reflecting a significant 66.56% decrease over the past 24 hours. The coin’s market cap is $5.91 million, with a 24-hour trading volume of $12.36 million, marking a 368.01% increase. The volume-to-market cap ratio stands at 210.44%. The self-reported circulating supply is 690.33 million BODEN coins, with a total supply of the same amount.

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