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KAMA meme coin hits all-time high after Biden endorses Kamala Harris

KAMA meme coin hits all-time high after Biden endorses Kamala Harris

After incumbent President Joe Biden dropped out of the US election race and announced his support for Vice President Kamala Harris as the Democratic Party's nominee, something extraordinary happened. The prospect of Harris running for the top office gave an unprecedented boost to the Kamala Harris-themed meme coin KAMA, which soared to a record high.

The KAMA meme coin reached an all-time high of $0.026. As a result, the trading volume exceeded $19.5 million in just 24 hours. Over the past week, the price of the meme coin has skyrocketed by a staggering 298%.

Another meme coin, Cumala Whoris (CUMALA), reached an impressive market cap of $455,000, with the trading volume surging to $3.5 million. Meanwhile, the Dark Harris (HARRIS) token saw more modest gains, with its market cap and trading volume standing at $59,000 and $617,000 respectively.

The Jeo Boden (BODEN) meme coin, inspired by the current US president, did not go unnoticed by crypto enthusiasts. However, things went the other way. The token plummeted by 57% to $0.01, reducing its market cap to $6.6 million.

Meme coins dedicated to Joe Biden's family members also suffered heavy losses. The Jill Boden crypto asset crumbled by 82%, while Hunter Biden's Laptop tanked by 45%. As a result, their market capitalization dropped to $100,000.

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