PANews reported on July 23 that according to CoinDesk, as the latest round of donations related to the US Democratic Party campaign raised $81 million in 24 hours, the market winning rate and meme coins related to US Vice President Kamala Harris soared, boosting the sentiment of some traders. On the decentralized prediction platform Polymarket, the probability of Harris being nominated as the Democratic candidate has further jumped to 90%, up from 80% on Monday to a record high. Data shows that Polymarket traders have bet $28.6 million to support Harris. In second place is Michelle Obama.
In addition, Solana-based meme KAMA, a political meme coin based on Harris, rose 62% to a new all-time high of 2 cents with a market cap of $27 million. The token has risen 4,000% since its low of $0.00061 on June 18, mainly due to the possibility that Harris could become president. Some expect Harris or the Democratic Party to mention the crypto industry in the coming weeks, which could affect price movements.
