Signal came from Joe Biden: That memecoin increased by 250 percent!
A Kamala Harris-themed memecoin gained nearly 250 percent on Thursday as pressure grew for U.S. President Joe Biden to drop out of the presidential race.
A Kamala Harris-themed memecoin gained nearly 250 percent on Thursday as pressure grew for U.S. President Joe Biden to drop out of the presidential race.
After the debate between US President Joe Biden and Donald Trump, allegations that he will withdraw from the presidential debate have increased.
The market cap of Kamala Horris (KAMA), a deliberately misspelled Solana based memecoin marketed with a poorly drawn caricature of the US vice president, rose from around $3.5 million to around $11.9 million at the time of the controversy on June 27, according to Dex Screener. It went up to a million dollars. The token has fallen slightly from its $22.2 million market cap peak reached on July 3.
According to Reuters' news dated July 3, it was stated that she was the first choice to replace Harris if Biden withdrew from the re-election race, and it was based on seven high-level sources from the Biden campaign, the White House and the Democratic National Committee who are familiar with the current debates.
Meanwhile, Jeo Boden (BODEN) has fallen by more than 22 percent in the last 24 hours and by 73.4% in the last week, according to CoinGecko.
KAMA's rise and BODEN's retreat followed the Biden-Trump debate on June 27. Political analysts noted Biden's poor performance in the debate due to his hoarse tone of voice and loss of flow of thought at times.
Biden, 81, became the oldest person to run for president and said his performance was down to a cold, over-preparation and jet lag, even though the debate was held in Atlanta in the same time period the week before.
