Harris-Themed Meme Coins See Notable Fluctuations as the Democratic Nominee Seeks to Reset Ties with the Crypto Community

Two meme coins riding on the name of new Democratic presidential candidate Kamala Harris have seen notable fluctuations in the last 24 hours.

Kamala Harris (HARRIS) and Kamala Horris (KAMA) meme coins have seen contrasting price movements in the last 24 hours amid the Democratic presidential candidate's efforts to forge ties with the crypto community.

What Happened: HARRIS coin experienced a significant 115.46% increase, currently trading at $0.001936, as reported by CoinMarketCap.

With a market cap of $1.66 million and a 24-hour trading volume of $545,423, the token has seen a remarkable surge.

However, the market has shown some caution, indicated by a 16.06% decrease in its trading volume over the previous day.

On the other hand, another Harris-themed meme coin, KAMA, showed a contrasting trend, with its price currently at $0.01718, up by 26.7% in the past 24 hours.

KAMA has a market cap of $17.13 million and a 24-hour trading volume of $10.15 million. The token's fully diluted valuation mirrors its market cap.

Despite this positive movement, KAMA's historical data shows a more volatile journey.

Over the past seven days, KAMA has dropped by 25.4%, though it remains up by 55.8% over the past 14 days.

This volatility could be a reflection of the market’s mixed reactions to the political shifts and the broader uncertainty in the crypto space.

The Harris Factor: Harris is seeking to reset ties with the crypto community following President Joe Biden’s announcement of not running for re-election, which saw her positioned as the presumptive Democratic nominee.

Harris' efforts to present the Democratic Party as more crypto-friendly come at a time when the industry faces increasing regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC) and its Biden-nominated chair, Gary Gensler, who remains a point of contention for many in the crypto community.

Harris has reportedly initiated dialogues with major crypto firms like Coinbase, Circle, and Ripple Labs, to distinguish herself from the previous administration’s stringent crypto stance.

The possibility of her attending major crypto conferences and engaging with industry leaders could either bolster or hinder her campaign.