Two meme coins linked to Kamala Harris have seen wild swings. It's a bit bonkers, really. The moves come as the VP pivots on crypto policy.
HARRIS is up 115.46% in 24 hours. It's trading at $0.001936. The coin's market cap is $1.66 million. Its 24-hour volume hit $545,423.
HARRIS has a fully diluted market cap of $1.94 million. Nearly a billion tokens are circulating. But trading volume dipped 16.06% yesterday.
KAMA, another Harris-themed coin, is showing different moves. It's up 26.7% to $0.01718. KAMA's market cap stands at $17.13 million.
KAMA's 24-hour volume reached $10.15 million. Its fully diluted valuation matches its market cap. About 995.5 million KAMA tokens are out there.
KAMA's had a rocky ride lately. It's down 25.4% over seven days. But it's still up 55.8% over two weeks. Talk about a rollercoaster.
These swings reflect mixed feelings about political shifts. The crypto world's been on edge lately. No one knows what's coming next.
Harris is trying to mend fences with crypto folks. She's the likely Democratic nominee now that Biden's out. She's keen to rebrand the party as crypto-friendly.
The SEC's been a thorn in crypto's side. Gary Gensler, Biden's pick for chair, isn't exactly popular in the community. Harris wants to change that perception.
Word is, she's chatting up big players like Coinbase and Ripple. She's trying to distance herself from the old guard's tough stance. It's a gamble that could make or break her campaign.