Kamala Harris-themed cryptocurrencies diverged from those linked to Donald Trump as her Polymarket odds continued falling. Krazy Kamala (KAMALA) token plunged by over 6.6%, while Kamala Horris (KAMA) retreated by 7% to $0.0063. KAMA has dropped by over 87% from its highest level this year.
On the other hand, MAGA Hat (MAGA), TrumpCoin (DJT), and Trump (TRUMP) tokens have jumped by over 200% from their lowest level this year.
Kamala Harris odds dip
Kamala Harris tokens retreated as the odds of Donald Trump winning the election continued soaring. According to Polymarket, Trump has a 57.9% chance of winning, while Harris has a 42% chance, her lowest level this year.
The same trend is happening in Kalshi, the centralized prediction market. In it, Trump has a 54% chance of winning compared to Harris’ 46%.
A separate poll by NBC showed that the two were tied at 48%, while more data by the New York Times show that the two are deadlocked in most swing states.
Harris’ polling on Polymarket dropped after she released her policy on Black men. In an X post, she said that she would provide 1 million fully forgivable loans to Black entrepreneurs, protect their crypto investments, launch a national health initiative on them, and support their training. Many conservatives blasted the policy statement as unfair to many poor white men.
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Donald Trump is favored by most crypto investors
Political meme coins tend to react to the sentiment of the day. For example, the Kamala Horris token jumped in September after Harris performed better than Trump in their debate.
At the time, her Polymarket odds jumped to 55% as many analysts predicted her victory. Most Trump tokens, on the other hand, surged after he was shot a few months ago.
Historically, Trump meme coins tend to do better than those focused on Democrats because of his strong support among core voters. Data also shows that most crypto investors often lean Republican and Libertarian.
As a result, Trump-themed tokens dominate the top Politifi cryptocurrencies tracked by CoinGecko. Some of the biggest ones are MAGA, which has a market cap of over $203 million, MAGA Hat, Doland Tremp, Super Trump, and MAGA: Fight for Trump.
Donald Trump is also viewed favorably among crypto traders because he has expressed his support for the industry, and vowed to fire Gary Gensler, from the SEC.
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