<p class="is-style-lead">Political meme coins reacted to President Joe Biden’s decision to end his reelection bid for the 2024 U.S. presidential election and endorse Vice President Kamala Harris as the Democratic nominee.</p> 
<p>Minutes after Biden’s announcement, the cryptocurrency market for political meme coins experienced notable fluctuations. </p> 
<p>The <a href="https://crypto.news/noosum-kama-surge-as-biden-candidacy-remains-uncertain/" target="_blank" rel="noreferrer noopener">Kamala Horris</a> meme coin surged by 110.4%, trading at $0.02403, with a market cap reflecting its fully diluted valuation of $23,921,482. This coin’s performance highlights growing investor confidence in Harris’s political future.</p> 
<h2 class="wp-block-heading" id="polymarket-data">Polymarket data</h2> 
<p>According to <a href="https://polymarket.com/event/democratic-nominee-2024?tid=1721586886244" target="_blank" rel="">data</a> on the prediction market website Polymarket, there’s a substantial 79% chance of Harris clinching the nomination. This is evidenced by a staggering $18,908,527 bet on her success.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="zxx" dir="ltr"><a href="https://t.co/RMIRvlSOYw" target="_blank" rel="">pic.twitter.com/RMIRvlSOYw</a></p>— Joe Biden (@JoeBiden) <a href="https://twitter.com/JoeBiden/status/1815080881981190320?ref_src=twsrc%5Etfw" target="_blank" rel="">July 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Other potential nominees trail significantly behind, with Michelle Obama garnering a 4% chance ($19,302,020 bet), Gavin Newsom at 2% ($15,979,985 bet), and Hillary Clinton also at 5% ($18,455,915 bet).&nbsp;</p> 
<p>See below.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeVuKm6yBSuvGklYKr5HCj2xYGgH2NtrxO0rBu2N8TVpFnBNPZSNslFy0TTFeLXB4aiOIcc8voZk-KoiRFzti33AUmeMUALq1PQeMyE2nl__UYi4znWmpm8QBbjmzXNZ29NcFh41Myt8EbnS1U-yYUNIR_F?key=vZsMK93jX_9pQOtCodxiCQ" alt="Biden exits, endorses Kamala Harris as Democratic nominee: Political meme coins react - 21">
 <figcaption class="wp-element-caption">
  Possible Democratic nominees chances | Source: Polymarket
 </figcaption>
</figure> 
<p>Biden, despite his withdrawal, still has a residual presence with less than a 1% chance, backed by $43,852,015 in bets.</p> 
<p>The presidential election outlook also paints a compelling picture. The Republican nominee, Ex-President Donald Trump, is currently the favored candidate to win the presidency, holding a 65% chance with a $38,199,991 bet in his favor. </p> 
<p>Harris follows with a 31% chance, indicated by $20,334,256 in bets.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXesvMWz251yjRMYhpP-H7YRnOpfa89uYsQRCxctNspLxwCDyJ5mHsVK53F5NlrndS_MMh653F2xZpqOllipve5Tt0n9Z8eD--FK5tzq45TjBjcD2nZySau67fKnz2n6U9cWxnhgQR5DxMWfvNJZ2r_clhwo?key=vZsMK93jX_9pQOtCodxiCQ" alt="Biden exits, endorses Kamala Harris as Democratic nominee: Political meme coins react - 22">
 <figcaption class="wp-element-caption">
  Possible presidential election winner 2024 | Source: Polymarket
 </figcaption>
</figure> 
<p>Other Democratic contenders like Newsom, Clinton, and Michelle Obama each have a slim 2% chance of victory.</p> 
<p> You might also like: <a href="https://crypto.news/solana-based-popcat-meme-coin-305-increase-30-days/"> Solana-based Popcat meme coin sees 305% increase in 30 days </a> </p> 
<h2 class="wp-block-heading" id="strong-political-tokens-react-to-biden-news-strong"><strong>Political tokens react to Biden news</strong></h2> 
<p>The Gabin Noosum (NOOSUM) coin has plummeted by 72.1%, now valued at $0.000296. </p> 
<p>The Jeo Boden (BODEN) coin has also faced a significant drop, decreasing by 55.1% to $0.0106. These declines suggest a shift in market sentiment away from these figures as the political landscape shifts.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfEYbLQUllx8EOuY4PCiHbNNLA5cC4kTCMrLuSpeZTGroHC1udvPzRAE7AZqx9C0tJnZzKPATSOWhQYpODb49E4fbqgRT0DlKS_iNRPXZzcA5HN7oVxVzPiPUTwDRoGvQKHa3MINgT_yvc1rep000agNko?key=vZsMK93jX_9pQOtCodxiCQ" alt="Biden exits, endorses Kamala Harris as Democratic nominee: Political meme coins react - 23">
 <figcaption class="wp-element-caption">
  Kamala Horris 24-hour price chart | Source: CoinGecko
 </figcaption>
</figure> 
<p>With the Democratic primary heating up and the general election on the horizon, all eyes are on Kamala Harris as she navigates the path to potentially becoming the next President of the United States.&nbsp;</p> 
<p>The interplay between political developments and the volatile world of meme coins underscores the unique and unpredictable nature of the 2024 election cycle.</p> 
<p> Read more: <a href="https://crypto.news/nfts-maintain-upward-momentum-sales-volume-exceed-107m/"> NFTs maintain upward momentum, sales volume exceeds $107m </a> </p>

Biden exits, endorses Kamala Harris as Democratic nominee: Political meme coins react

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