It turned out that even meme coins are not immune to political storms. Today, the Kamala Harris meme coin is in a nosedive, losing 91.7% of its value and dropping to a low of $0.001033. CoinGecko data reminds us that meme coins are also very volatile.
Meanwhile, the Donald Trump meme coin, mirroring its real-life namesake, has been all over the place. It surged 16% and then lost 5.5%, settling at $3.16. It is as if political tides are hitting the crypto markets too. These digital assets seem to be battling for attention, just like the candidates.
As for Trump, he did not waste any time declaring victory. By 2 a.m. in Washington, he was already telling supporters in Florida that he had won all the key states. This time, even the cryptocurrencies are showing a clear reaction to the current political changes.
