Tuesday, November 5, 2024
Home > News > Ethereum News > Memecoin Creators Exploit U.S. Election Mania, Create Thousands of New Tokens on Solana, Ethereum

Memecoin Creators Exploit U.S. Election Mania, Create Thousands of New Tokens on Solana, Ethereum

There are, however, more established election-related memecoins including MAGA and the Kamala Harris-themed KAMA. Trading volume for MAGA, which launched in August 2023, has surged by 27% in 24 hours, taking its market cap above $150 million. KAMA rose by 150% on Nov. 1. It has since tumbled by 50% to an $11 million market cap.

Source