Kamala Harris parody coin plummets more than 90% after Trump’s election win

The Kamala Harris parody meme coin, dubbed Kamala Horris, lost 93% of its value after Donald Trump was predicted to win the US Election.

According to CoinGecko, the price of the Kamala Harris meme coin, which was launched on May 30, dropped by 93%. The meme coin is currently trading at $0.0007908 and has a market cap of $795,938. The price began to decline around the time Donald Trump was nearing 270 electoral votes.

The token reached an all-time high of $0.03919 on July 24, 2024, but gradually fell before falling after it was announced that Harris’ chances of defeating Trump in this year’s election were slim.

The Solana-centered meme coin is called Kamala Horris, which features a crudely drawn image of Harris with outward facing eyes.

24-hour price chart of the Kamala Horris meme coin, November 6, 2024 | Source: CoinGecko

The KAMA token has a fully diluted volume of $795,000 and a total supply of $995 million. Last month, KAMA fell 91.3%, according to CoinGecko data.

In contrast, the Trump meme coin MAGA TRUMP rose more than 22% when Trump was predicted to win the election. Now the token is down 10% to $3.06. 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 delegate votes, needing just three more votes to officially win the election. He has already won key states like Pennsylvania, Michigan and Wisconsin.

Both Harris and Trump campaigned to appeal to crypto voters to win their votes. Trump has taken a tougher approach, vowing to end the “war on crypto” by supporting Bitcoin innovations and vowing to fire SEC Chairman Gary Gensler.

Harris, meanwhile, has pledged to help increase investment in the crypto industry, as well as other emerging technologies such as artificial intelligence. He also said that he is committed to protecting crypto investors.