Jeo Boden

Solana

Biden

Joe Biden

A Kamala Harris-themed memecoin gained nearly 250% on Thursday as United States President Joe Biden faced mounting pressure to drop out of the presidential race after a poor debate against Donald Trump.
Kamala Horris (KAMA) — a deliberately misspelled Solana <a href="https://cointelegraph.com/learn/what-is-an-altcoin-a-beginners-guide-to-cryptocurrencies-beyond-bitcoin">token</a> marketed with a poorly drawn cartoon of the U.S. vice president — has seen its market cap grow to nearly $11.9 million from $3.5 million at the time of the June 27 debate, <a href="https://dexscreener.com/solana/jc9hsjtyjltxqqryhzt642lbncfpbofzbabrhgwv4nr" target="_blank" rel="noopener nofollow">per</a> Dex Screener.
It is down from its $22.2 million <a href="https://cointelegraph.com/learn/the-most-common-crypto-metrics-a-beginners-guide">market cap</a> peak earlier on July 3.
Harris is the top choice to replace Biden if he drops his reelection bid, Reuters <a href="https://www.reuters.com/world/us/vp-harris-top-choice-replace-biden-election-race-if-he-steps-aside-sources-say-2024-07-03/" target="_blank" rel="noopener nofollow">reported</a> on July 3, citing seven senior sources at the Biden campaign, the White House and the Democratic National Committee privy to current discussions.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/8c4007cc-c58b-43e6-ab6c-1de635be1cc2.png" alt="" title="">
 <figcaption style="text-align: center;">
 KAMA reached a peak price of over 2 cents on July 3, it is now trading just above 1 cent. Source: DEX Screener
 </figcaption>
</figure>
Meanwhile,&nbsp;Jeo Boden (BODEN) — a similarly misspelled memecoin for President Biden — <a href="https://cointelegraph.com/news/politifi-memecoins-fall-double-digits-amid-trump-biden-debate"></a><a href="https://cointelegraph.com/news/politifi-memecoins-fall-double-digits-amid-trump-biden-debate">has collapsed over 22%</a> in the past 24 hours and 73.4% over the past week, <a href="https://www.coingecko.com/en/coins/jeo-boden" target="_blank" rel="noopener nofollow">according</a> to CoinGecko.
KAMA’s rally and BODEN’s drawdown come after the June 27 <a href="https://cointelegraph.com/news/biden-trump-debate-didnt-mention-crypto">Biden-Trump debate</a>, with political analysts&nbsp;<a href="https://www.washingtonpost.com/politics/2024/07/03/biden-debate-step-down-polling/" target="_blank" rel="noopener nofollow">widely</a> <a href="https://www.wsj.com/livecoverage/biden-trump-first-presidential-debate-2024-election/card/biden-s-awkward-pause-as-he-searches-for-the-word-medicare--JO9g3hDa1davVmabPL01" target="_blank" rel="noopener nofollow">noting</a>&nbsp;Biden’s poor debate performance, who sounded raspy and at times seemed to lose his train of thought.
Biden, 81, is the oldest person to ever run for president and has blamed his performance on a cold, over-preparing and jet lag despite being in the same time zone during the week leading up to the <a href="https://cointelegraph.com/news/us-presidential-debate-inexplicably-omits-ai-artificial-intelligence-trump-biden-quantum-computing">Atlanta-hosted debate</a>.
<h2 data-ct-non-breakable="true" id="pressure-mounts-as-biden-sinks-in-polls">Pressure mounts as Biden sinks in polls</h2>
Voters, media outlets and Democratic lawmakers are pressuring Biden to drop out as concerns grow that he won’t be able to beat Trump in the Nov. 5 election, with FiveThirtyEight <a href="https://projects.fivethirtyeight.com/polls/president-general/2024/national/" target="_blank" rel="noopener nofollow">polls</a> giving Trump a 2.3 percentage point lead.
A July 3 New York Times and Siena College <a href="https://www.nytimes.com/2024/07/03/us/politics/poll-debate-biden-trump.html" target="_blank" rel="noopener nofollow">poll</a> also has Trump leading and shows three-quarters of voters think Biden is too old for the top job, a five percentage point hike since the debate.
It follows a July 2 CNN <a href="https://edition.cnn.com/2024/07/02/politics/cnn-poll-post-debate/index.html" target="_blank" rel="noopener nofollow">poll</a>&nbsp;in which three-quarters of U.S. voters said Democrats would have a better shot at winning the election with someone other than Biden as the contender. Nearly half of Democratic Party voters in a July 1 CBS News <a href="https://www.cbsnews.com/news/poll-debate-should-biden-be-running-mental-abilities/" target="_blank" rel="noopener nofollow">poll</a> think he shouldn’t be the party’s nominee.
Gamblers on the crypto prediction platform Polymarket have put Biden’s <a href="https://polymarket.com/event/will-biden-drop-out-of-presidential-race?tid=1720057406005" target="_blank" rel="noopener nofollow">odds</a> of dropping out of the race at 64%, up from 19% before the debate.
Biden’s dire polling results come as at least four Democrats in House of Representatives&nbsp;<a href="https://www.axios.com/2024/07/03/house-democrats-biden-jeffries-withdraw" target="_blank" rel="noopener nofollow">told</a> Axios on July 3 that Biden should step down, with one saying a “very large majority of the caucus shares this sentiment.” 
Related: <a href="https://cointelegraph.com/news/uk-voters-candidates-crypto-july-election">UK voters call for candidates to consider crypto as election looms</a>
Former House Speaker Nancy Pelosi also told MSNBC that it is “completely legitimate” to question if Biden’s debate performance is a “condition” or just “an episode.”
<blockquote class="twitter-tweet">
 "I think it's a legitimate question to say, 'Is this an episode or is this a condition?'...of both candidates." WATCH: Speaker Emerita Nancy Pelosi reacts to Democrats concerns about President Biden. <a href="https://t.co/KRm2fdfXH0">pic.twitter.com/KRm2fdfXH0</a>— MSNBC (@MSNBC) <a href="https://twitter.com/MSNBC/status/1808174321640100247?ref_src=twsrc%5Etfw">July 2, 2024</a>
</blockquote> 
On Wednesday, July 3, the Boston Globe editorial board <a href="https://www.bostonglobe.com/2024/07/03/opinion/why-biden-should-step-aside/" target="_blank" rel="noopener nofollow">joined</a> <a href="https://www.nytimes.com/2024/06/28/opinion/biden-election-debate-trump.html" target="_blank" rel="noopener nofollow">The New York&nbsp;Times</a><a href="https://www.nytimes.com/2024/06/28/opinion/biden-election-debate-trump.html" target="_blank" rel="noopener nofollow"></a>, <a href="https://www.newyorker.com/news/daily-comment/the-reckoning-of-joe-biden?utm_source=twitter&amp;mbid=social_twitter&amp;utm_brand=tny&amp;utm_social-type=owned&amp;utm_medium=social" target="_blank" rel="noopener nofollow">The New Yorker</a><a href="https://www.newyorker.com/news/daily-comment/the-reckoning-of-joe-biden?utm_source=twitter&amp;mbid=social_twitter&amp;utm_brand=tny&amp;utm_social-type=owned&amp;utm_medium=social" target="_blank" rel="noopener nofollow"></a> and <a href="https://www.ajc.com/opinion/its-time-for-biden-to-pass-the-torch/6PO45RNWDFH4FAUYGR56TPRMHM/" target="_blank" rel="noopener nofollow">The Atlanta Journal-Constitution</a> in asking Biden to step down and give another candidate a shot to beat Trump.
<h2 data-ct-non-breakable="true" id="biden-won-t-back-down">Biden won’t back down</h2>
Biden has apparently acknowledged he may not be able to salvage his candidacy if he fails to demonstrate his fitness for office, according to reports from <a href="https://www.washingtonpost.com/politics/2024/07/03/biden-crisis-debate-democrats/" target="_blank" rel="noopener nofollow">The Washington Post</a> and <a href="https://www.nytimes.com/2024/07/03/us/politics/biden-withdraw-election-debate.html" target="_blank" rel="noopener nofollow">The New York Times</a>, citing those close to Biden.
Despite the pressure, the president has said he’s still up to the job.
“Let me say this as clearly as I possibly can — as simply and straightforward as I can: I am running,” Biden said on a July 3 Zoom call with campaign staff, <a href="https://www.politico.com/news/2024/07/03/biden-no-ones-pushing-me-out-00166497" target="_blank" rel="noopener nofollow">according</a> to Politico. “No one’s pushing me out. I’m not leaving. I’m in this race to the end.”
Magazine: <a href="https://cointelegraph.com/magazine/6-questions-goggles-guy-who-saved-crypto/">6 questions for Goggles Guy who ‘saved’ crypto with question to Trump</a>

Kamala Harris memecoin surges 250% amid calls for Biden to bow out

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Cointelegraph

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