🔵The cryptocurrency world has been stirred once again as traders began betting on political events using meme coins. One such token, KAMA, linked to Vice President Kamala Harris, surged more than twofold within 24 hours, reaching 2.4 cents after President Joe Biden announced the end of his reelection campaign. KAMA’s market capitalization surpassed $24 million, overtaking BODEN — the Biden-inspired coin, which dropped by 50%.
🔵Political changes have sparked the creation of new tokens mocking Harris and Biden on the Pump.fun platform. However, as history shows, most of these tokens lose their value, reflecting the instability and speculation present in the crypto market.