News Agency (Asia Pacific) News: US President Biden is facing internal pressure from the Democratic Party, and public opinion of withdrawing from the election has spread throughout the market. Speculation that Vice President Kamala Harris will become a replacement has intensified. On Thursday (July 4), the KAMA meme coin issued by Solana, a blue chip public chain in the United States, rose to $0.01296, an increase of more than 1,600% in the past two weeks.
Kamala Horris (KAMA), a deliberately misspelled Solana meme coin marketed as a poorly drawn cartoon of the U.S. vice president, has seen its market cap rapidly grow from $3.5 million at the time of the June 27 debate to nearly $11.9 million, according to DEX Screener data.
Tracking its market value, it hit a peak of $22.2 million on Wednesday.
Reuters quoted seven senior sources familiar with the current discussions from the Biden campaign, the White House and the Democratic National Committee as saying that if Biden gives up his re-election bid, Harris is the first choice to succeed Biden. #USElection#
Meanwhile, the similarly misspelled Biden meme coin BODEN is down 73.4% this week.
Voters, media and Democratic lawmakers are pressuring Biden to withdraw from the race amid growing concerns that he will not be able to defeat Trump in the Nov. 5 election, with a FiveThirtyEight poll showing Trump leading by 2.3 percentage points.
A New York Times/Siena College poll on Wednesday also put Trump ahead and showed that three-quarters of voters believe Biden is too old for the top job, a 5-point increase since the debate.
A CNN poll released on Tuesday showed that three-quarters of American voters said the Democratic Party would have a greater chance of winning the presidential election if someone other than Biden became the frontrunner. A CBS News poll on July 1 showed that nearly 50% of Democratic voters believed Biden should not be a presidential candidate.
Bettors on cryptocurrency prediction platform Polymarket give Biden a 64% chance of dropping out of the race, up from 19% before the debate.
Amid worrying poll numbers for Biden, at least four House Democrats told Axios on Wednesday that Biden should step down, with one saying "the vast majority of the caucus shares that view."
Former U.S. House Speaker Nancy Pelosi also told MSNBC that it was completely reasonable to question whether Biden's debate performance was "a situation or an episode."
The Boston Globe's editorial board joined its counterparts at The New York Times, The New Yorker and The Atlanta Journal-Constitution on Wednesday in calling for Biden to step down to give another candidate a chance to defeat Trump.
Biden has apparently acknowledged that he may not be able to salvage his candidacy if he fails to prove he is fit for office, according to reports in The Washington Post and The New York Times, citing people close to him.
Despite the pressure, Biden said he remains willing to get the job done.
"Let me be as clear as I can be, as simple and direct as I can be, I'm running," Biden said in a Zoom call with his campaign on Wednesday, according to Politico. "I'm not leaving, and I'm staying until the end."
