US Vice President Harris's themed Meme Coin hit a new high, and his probability of being nominated as a Democratic candidate rose to 90%.
On July 23rd, news, as the latest round of donations related to the US Democratic campaign raised $81 million in 24 hours, the market win rate and meme coins related to US Vice President Kamala Harris soared, boosting the mood of some traders. On the decentralized prediction platform Polymarket, the probability of Harris being nominated as the Democratic candidate jumped further to 90%, rising to a record high from 80% on Monday. The data shows that Polymarket traders have bet 28.60 million dollars to support Harris. In second place is Michelle Obama.
In addition, Solana-based meme coin KAMA, a political meme coin based on Harris, is up 62% to a new all-time high of 2 cents and has a market cap of $27 million. Since its low of $0.00061 on June 18, the token has gained 4,000%, mainly due to the possibility of Harris becoming president. Some expect Harris or the Democrats to mention the crypto industry in the coming weeks, which could affect price action.