Share this article
Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Drops Out
Crypto traders are once again betting on the very serious business of presidential politics via very silly meme coins.
Updated Jul 22, 2024, 5:42 p.m. Published Jul 21, 2024, 7:07 p.m.
Crypto traders are once again betting on the very serious business of presidential politics via very silly meme coins, including one for Vice President Kamala Harris that more than doubled in price Sunday.
KAMA hit an all-time high of 2.4 cents in the minutes following President Joe Biden's announcement that he was dropping his re-election campaign. With a market cap of $24 million, KAMA is now nearly four times as large as the Biden-inspired coin BODEN, once the kingmaker crypto of so-called PolitiFi. BODEN fell by nearly 50% following Biden's announcement.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Read more: Bitcoin Traders Brace for 'Fat Tails' as Focus Shifts to Trump's Nashville Bitcoin Conference Speech
The political shake-up prompted traders to create a wave of new tokens lampooning Harris and Biden on the meme coin launchpad Pump.fun. If history is any guide, most of those tokens will likely crater in value as buyers and sellers play a game of order book chicken atop the Solana blockchain, where most meme coins trade.
Biden endorsed Harris' campaign for president. So did former President Bill Clinton, former Secretary of State Hillary Clinton and crypto-critic Sen. Elizabeth Warren.
"I am honored to have the President's endorsement and my intention is to earn and win this nomination," Harris said in a statement. "I will do everything in my power to unite the Democratic Party – and unite our nation – to defeat Donald Trump and his extreme Project 2025 agenda."
UPDATE (July 21, 2024, 20:33 UTC): Adds Kamala Harris' statement and endorsements.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Gold wins the debasement trade in 2025, but it is not the full story
U.S. bitcoin ETF AUM fell less than 4% despite a 36% price correction from the October high.
What to know:
- Gold surged 65% in 2025, while bitcoin fell 7% after both assets were up roughly 30% through August.
- Bitcoin corrected 36% from its October all-time high, while U.S. spot bitcoin ETF holdings declined by only about 3.6%, from 1.37M BTC in October to roughly 1.32M BTC.
- Despite bitcoin underperforming gold on price, bitcoin exchange traded product flows outpaced gold ETP flows in 2025
Top Stories
