Digital token in honor of Kamala Harris reaches record value

Kamala Horris (KAMA), a memcoin dedicated to US Vice President Kamala Harris, gained 79% in value. This happened after President Joseph Biden announced his withdrawal from the election race and supported Harris’s nomination as the Democratic candidate.

on July 21, 2024, after Biden’s announcement, the value of KAMA began to rise sharply, reaching a maximum of $ 0.026. Over the past 24 hours, the token’s trading volume amounted to $ 19.5 million, and its price increased by 298% over the week.

Other PoliFi tokens associated with politicians Joseph Biden and Donald Trump also reacted to the news. The Jeo Boden (BODEN) and MAGA (TRUMP) tokens lost significantly in value: BODEN by 57% and TRUMP by 7.3%.

As a reminder, the cryptocurrency market reacted to Joe Biden’s statement with a short-term drop. The rate of the flagship cryptocurrency BTC $64,642.22 Bitcoin -1.40% Market capitalization $1.28 trillion VOL. 24 hours $0.99 billion dropped sharply from $ 67,500 to $ 66,000 in a few minutes after it became known that the current US president had withdrawn his candidacy from the US presidential election.