Donald Trump
Kamala Harris meme coins soar as candidate pivots on crypto
Published
2 months agoon
By
adminTwo meme coins riding on the name of new Democratic presidential candidate Kamala Harris have seen notable fluctuations in the last 24 hours.
Kamala Harris (HARRIS) has experienced a remarkable 115.46% increase over the past day and is currently trading at $0.001936.
This surge is significant considering its market cap of $1.66 million and a 24-hour trading volume of $545,423.
The token’s fully diluted market cap currently stands at $1.94 million, with a circulating supply of nearly one billion HARRIS tokens. However, the market has shown some caution, as indicated by a 16.06% decrease in its trading volume over the previous day.
Elsewhere, another Harris-themed meme coin, Kamala Horris (KAMA), has shown a contrasting trend, with its price currently at $0.01718, up by 26.7% in the past 24 hours.
KAMA has a market cap of $17.13 million and a 24-hour trading volume of $10.15 million. The token’s fully diluted valuation mirrors its market cap, with a total and circulating supply of nearly 995.5 million KAMA tokens.
Despite this positive movement, KAMA’s historical data shows a more volatile journey. Over the past seven days, KAMA has dropped by 25.4%, though it remains up by 55.8% over the past 14 days.
This volatility could be a reflection of the market’s mixed reactions to the political shifts and the broader uncertainty in the crypto space.
The bigger picture: market sentiment and political influence
The overall sentiment towards the HARRIS and KAMA tokens highlights the impact of political developments on the crypto market.
Harris is seeking to reset ties with the crypto community. Following President Joe Biden’s announcement of not running for re-election, she was positioned as the presumptive Democratic nominee.
Since then, she has made efforts to rebrand the Democratic Party to be more crypto-friendly, especially with the industry facing regulatory scrutiny.
The U.S. Securities and Exchange Commission (SEC) and its Biden-nominated chair, Gary Gensler, remain points of contention for many in the crypto community.
Harris has reportedly initiated dialogues with major crypto firms like Coinbase, Circle, and Ripple Labs, to distinguish herself from the previous administration’s stringent crypto stance.
The potential for her to attend major crypto conferences and engage with industry leaders could either bolster or hinder her campaign, depending on how convincingly she can separate herself from previous policies.
Harris’ opposition
Meanwhile, a meme coin tied to Republican nominee Donald Trump is on the downtrend.
The MAGA (TRUMP) coin witnessed a notable drop while the Harris-themed coins enjoyed an impressive rebound.
See below.
At last check, the coin was hovering at around $4.32, down more than 4.6% with a market cap of roughly $189.7 million.
The MAGA decline comes on the heels of a Trump rally at the Georgia State University Convocation Center in Atlanta.
During the Saturday event, Trump falsely claimed that he won the state of Georgia during the 2020 presidential election and leveled personal attacks against fellow Republicans, Georgia Governor Brian Kemp and secretary of state, Brad Raffensperger for being disloyal.
What’s next
Bloomberg reported that the Harris campaign is hosting a roundtable event on Aug. 5 that will feature prominent figures from both her election campaign and leaders from the crypto community.
It’s the latest attempt from Democrats to reshape how crypto enthusiasts perceive the party ahead of Election Day on Nov. 5.
Crypto expert and ex-Binance adviser David Plouffe, who previously worked for former President Barack Obama, is reportedly advising Harris.
Plouffe is also a global strategic advisor to Alchemy Pay, a fiat-crypto payment solutions provider.
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Donald Trump
Donald Trump Makes Historic Bitcoin Payment At PubKey
Published
1 day agoon
September 19, 2024By
adminToday, history was made as President Donald Trump became the first US president to make a Bitcoin payment.
WATCH: 🇺🇸 DONALD TRUMP MAKES FIRST #BITCOIN TRANSACTION AT NYC BAR pic.twitter.com/rAjae6agH1
— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024
The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York City, to purchase some cheeseburgers (on National Cheeseburger Day) at the establishment, which was packed with Bitcoin enthusiasts there to welcome him.
“I think it’s a great place,” Trump said to Bitcoin Magazine about PubKey, before urging the types of Bitcoin enthusiasts who frequent the bar to vote this November.
“Get out and vote, because if you vote, we cannot lose. We want to get everybody that agrees with you people — and there’s a lot of people — [to vote],” he added.
“They’ve been treating you very badly at the SEC, and we’re going to treat you very fairly.”
Regarding the payment, Trump said it was easy to make and that it went through “quickly and beautifully.”
One of the most historic transactions in #bitcoin history was just made.
President @realDonaldTrump buying burgers at @PubKey_NYC with @tpacchia.
Block height: 861871
You saw it here first. pic.twitter.com/moHUIKDxej
— PUBKEY (@PubKey_NYC) September 18, 2024
After making the transaction, Trump, escorted by one of the bar’s owners, Thomas Pacchia, introduced himself to all in attendance.
“This was one of the most important Bitcoin transactions of all time,” said Pacchia.
“President Trump came to PubKey to connect with the Bitcoin community — to show his support to the Bitcoin community,” he added.
“We are very excited he was here.”
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cryptocurrency
MAGA, FIGHT, and DJT surge as Trump’s crypto project announces WLFI token
Published
3 days agoon
September 17, 2024By
adminDonald Trump-themed cryptocurrencies surged as World Liberty Financial announced a new governance token.
Fight to MAGA (FIGHT) led the charge with a massive surge of over 150%, pushing its valuation to $10.3 million. TrumpCoin (DJT) also saw a strong rally, climbing 28% to reach $0.00032, its highest since Aug. 7, with daily trading volumes near $1 million. Meanwhile, MAGA (MAGA) rose by 18% over the past day, with a daily trading volume of $11.48 million.
All these gains helped push the total market cap of political-themed tokens past $481 million. Meanwhile, the community sentiment around the tokens had also turned bullish according to Coinmarketcap data.
These tokens rallied after Donald Trump’s crypto initiative, World Liberty Financial, announced its plans to release a governance token named WLFI.
WLFI has been advertised as a non-transferable governance token, allowing holders to propose and vote on platform-related matters. Approximately 63% of the total token supply is designated for public sale, with 17% for user rewards, and the remaining 20% for the team and advisors.
While the token’s launch date remains undisclosed, the project team has confirmed that sales will be limited to accredited investors.
Despite the rise on Sept. 17, political-themed tokens have been experiencing a downturn, with their total market cap now down to $481 million.
These tokens tend to gain prominence during election seasons, potentially losing much of their relevance after the elections conclude. Traders often refer to these as “event coins” because their prices are influenced as the date of the related event approaches.
However, in the short term, these coins could see further gains if Bitcoin (BTC) breaks past its previous high, as meme coins often thrive during Bitcoin’s bull runs. Factors that could drive Bitcoin’s price higher include possible cuts in Federal Reserve rates, a weakening US dollar, and a continuing stock market rally.
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Donald Trump
World Liberty Financial, Crypto Project Promoted by Trump Family, Confirms Plan for WLFI Token
Published
3 days agoon
September 17, 2024By
adminAs of now, the token will be sold only to accredited investors under what is known as a Regulation D exemption from the Securities and Exchange Commission (SEC). Regulation D exemptions allow companies to raise capital without registering securities with the SEC, primarily by offering securities to accredited investors or in small, private offerings.
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