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A Kamala Harris parody meme coin, dubbed Kamala Horris, went down by 93% after Donald Trump was projected to win the U.S Election.
According to CoinGecko, a Kamala Harris meme coin launched on May 30 saw its price plummet by 93%. The meme coin is currently trading hands at $0.0007908 and has a market cap of $795,938. The price started going down around the same time Donald Trump’s electoral votes came close to the 270 mark.
The token reached an all-time high of $0.03919 on July 24, 2024, but has since gone down gradually before taking a plunge once it was announced that Harris stands a slim chance of beating Trump in this year’s election.
The Solana based meme coin is called Kamala Horris, which 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. In the past month, KAMA has gone down by 91.3%, based on data from CoinGecko.
In contrast, the Trump meme coin MAGA TRUMP went up by more than 22% when Trump was projected to win the election. Now the token has gone down 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, he just needs three more votes in order to officially win the election. He has already won over crucial swing states including Pennsylvania, Michigan and Wisconsin.
Both Harris and Trump have campaigned to appeal to crypto voters in order 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.
Meanwhile, Harris has vowed to help grow investment in the crypto industry, alongside other emerging tech, like artificial intelligence. She also said that she is committed to protecting crypto investors.
This article first appeared at crypto.news
