Inspired by Kamala Harris, the memecoin project Kamala Horris (KAMA) surged by 30% in the last 24 hours. This significant gain followed a meeting between leading cryptocurrency leaders and Democratic officials. As the countdown to the November elections continues, both Democrats and Republicans are turning to crypto. They expect the decisive voter community in the November polls to be crypto enthusiasts.
KAMA’s Surge Makes Headlines
Fox Business reported that Mark Cuban, Anthony Scaramucci, venture capitalist Ron Conway, and Democratic donor Ron Conway participated in a Zoom meeting. More importantly, executives from Ripple, Coinbase, Kraken, Uniswap, and other crypto companies also attended.
California Congressman Ro Khanna hosted the meeting along with senior officials from the Joe Biden administration. Crypto leaders harshly criticized the Democrats, with no common ground found. Among other reasons, they condemned the exclusion of crypto-related companies from banking services due to White House policies. During this period, the popular memecoin project KAMA surged nearly 30%, trading at $0.01387 at the time of writing. CoinGecko data shows that this was the top-gaining project among PolitiFi tokens.
Meanwhile, Polymarket odds show a tight race with a 49% tie between Harris and Donald Trump, effectively maintaining the outlook from August 8.
Details on the Subject
This competitive stance continues despite Donald Trump Jr. recently mentioning a potential official Trump token and rumors about its intended use. Trump Jr. stated:
“I love how the crypto community has embraced Trump. It’s incredible, but beware of fake tokens claiming to be part of the Trump project. The only official project will be announced directly by us and will be fair for everyone. Don’t be fooled and stay tuned for the real deal.”
Speculations are rising that the proposed Trump token could provide unique benefits and potentially outpace existing memecoins and PolitiFi tokens in the market. Eleanor Terrett shared her thoughts on the matter:
“I don’t know for sure, but I think they would want it to provide some kind of benefit and not just be a memecoin, as there are already many PoliFi tokens in the market. If I had to guess, the Trump family built their wealth and name on real estate, so maybe it’s some kind of Trump-branded real estate token.”
