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Cryptocurrency News Articles
Kamala Harris Parody Meme Coin, Kamala Horris, Went Down by 93% After Donald Trump Was Projected to Win the U.S Election
Nov 06, 2024 at 07:26 pm
According to CoinGecko, a Kamala Harris meme coin launched on May 30 saw its price plummet by 93%.
A parody meme coin of Kamala Harris, dubbed Kamala Horris, has seen its value decrease by 93% following projections that Donald Trump will win the U.S. Election.
Data from CoinGecko shows that a Kamala Harris meme coin launched on May 30 and has since seen its price decrease by 93%. The meme coin is currently trading at $0.0007908 with a market cap of $795,938. The price began to decrease around the same time that Donald Trump's electoral votes approached the 270 mark.
The token reached an all-time high of $0.03919 on July 24, 2024, but has since gradually decreased before dropping sharply once it was announced that Harris had a slim chance of defeating Trump in this year's election.
The Solana-based meme coin is called Kamala Horris and features a crudely drawn picture of Harris with outward-turned eyes.
The KAMA token has a fully diluted volume of $795,000 and a total supply of 995 million tokens. According to CoinGecko, in the past month, KAMA has decreased by 91.3%.
In contrast, the Trump meme coin MAGA TRUMP increased by over 22% when projections showed Trump winning the election. Now the token has decreased by 10% to $3.06. The MAGA TRUMP has a market cap of $140 million and a fully diluted volume of $795,938.
According to the latest update from the Associated Press, Trump is leading the presidential race with 267 electoral votes, and he only needs three more votes to officially win the election. He has already won key swing states such as Pennsylvania, Michigan and Wisconsin.
Both Harris and Trump have tried to appeal to crypto voters in an attempt to win their votes. Trump has taken a more hardline approach by vowing to end the “war on crypto” by boosting Bitcoin innovations and promising to fire the SEC Chairman Gary Gensler.
On the other hand, Harris has promised to help increase investment in the crypto industry, along with other emerging tech, such as artificial intelligence. She also said that she is committed to protecting crypto investors.
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