TL;DR
- Donald Trump-linked memecoins have plummeted following his interview with Elon Musk and Kamala Harris’s positive advance in the polls.
- The Kamala Harris-inspired memecoin, KAMA, has experienced a 16% increase over the past week.
- Although Kamala Harris has not publicly confirmed her support for cryptocurrencies, rumors about private meetings with experts in the sector are circulating.
Trump-linked memecoins have suffered a significant drop in their value, while the token inspired by Kamala Harris has surged. This trend occurs in the context of the upcoming U.S. presidential elections and the growing interest in the role of cryptocurrencies in American politics and economics.
The most well-known memecoin related to Trump, MAGA, has experienced a loss of over 9.5% in value in the past week, with its current value around $3. This decline is largely attributed to Trump’s recent interview with Elon Musk, during which no cryptocurrency topics were discussed, causing disappointment among cryptocurrency holders. Other Trump-related tokens, such as Baby Trump ($0.005061) and Doland Tremp ($0.1568), have also suffered significant drops of 11% and 28%, respectively.
Kamala Harris Surpasses Donald Trump in Polls
In contrast, the Kamala Harris-inspired memecoin (KAMA) reached a value of $0.01387 after rising 16% in the past week. This growth coincides with Harris’s progress in the electoral polls, where she now surpasses Trump in Polymarket projections, with Harris having a 53% chance of winning the election compared to Trump’s 46%.
Although Kamala Harris has not made clear public statements about her support for the crypto industry, there are rumors of private meetings with sector experts. These meetings have been described as positive. However, uncertainty remains about her definitive stance and potential economic advisers who might influence her crypto policy.
The “Crypto for Harris” group is actively working to raise Kamala Harris’s profile among cryptocurrency enthusiasts. They have organized meetings to discuss the implications of a Harris administration on the crypto industry and are preparing another meeting for this week. As the elections approach, Democrats are working to improve their relationship with the industry, while the digital assets sector is gradually stabilizing after a period of significant fluctuations. For now, Kamala Harris’s final stance on cryptocurrencies remains a subject of speculation and analysis.
