Kamala Harris Meme Coin Soars to All-Time High

Crypto traders who continue to place political bets via meme coins witnessed the Vice President Kamala Harris-themed KAMA meme coin doubling in value yesterday.

KAMA hit an all-time high of 2.4 cents within minutes of President Joe Biden announcing he was quitting his re-election campaign. With a market cap of $24 million, KAMA is nearly four times larger than the Biden-inspired cryptocurrency BODEN, which fell nearly 50% after Biden’s announcement.

The political upheaval has prompted traders Harris and Biden to create a new wave of tokens on meme coin launchpad Pump.fun, but history suggests the tokens will soon lose value again.

Biden has already endorsed Harris’ presidential campaign. Other endorsers include former President Bill Clinton, former Secretary of State Hillary Clinton and crypto critic Sen. Elizabeth Warren.

“I am honored to receive the President’s endorsement and intend to deservedly win this nomination,” Harris said in a statement. “I will do everything in my power to unite the Democratic Party and our nation to defeat Donald Trump and his outrageous Project 2025 agenda.”