Kamala Horris Plummets After Trump’s Presumed Win
The parody meme coin associated with Kamala Harris, called Kamala Horris, saw a 93% drop after Donald Trump was projected to win the U.S. presidential election. Launched on May 30, the token now trades at $0.0007908 with a market capitalization of $795,938, according to CoinGecko.
All-Time High and Subsequent Decline
The token reached its peak at $0.03919 on July 24, 2024, but its price has steadily declined since. A significant drop occurred when it was announced that Kamala Harris had minimal chances of defeating Trump in this year’s election. The price began to sharply decline as Trump’s electoral vote count approached the 270 mark.
Kamala Horris: A Solana-Based Meme Coin with Unique Design
The Kamala Horris token, built on the Solana blockchain, features a roughly drawn image of Harris with exaggerated outward-facing eyes. The KAMA token has a total supply of 995 million and a fully diluted market cap of $795,000. Over the past month, it has fallen by 91.3%, according to data from CoinGecko.
Meanwhile, Trump’s Meme Coin MAGA TRUMP Surges
In contrast to KAMA, Trump’s meme coin MAGA TRUMP rose over 22% when it was anticipated that Trump would win the election. Although it has since dropped by 10% to $3.06, it still holds a market capitalization of $140 million.
Trump Nears Victory as Harris and Trump Compete for Crypto Voters
According to the latest update from the Associated Press, Trump currently holds 267 electoral votes and needs just three more for an official victory. He has already won key states like Pennsylvania, Michigan, and Wisconsin.
Both candidates, Harris and Trump, targeted the crypto community in their campaigns. Trump pledged to end the “war on crypto” by fostering Bitcoin innovation and promised to remove SEC Chair Gary Gensler. Harris, on the other hand, committed to supporting investments in the crypto industry and other emerging technologies like artificial intelligence, while also pledging to protect crypto investors.
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