Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Market odds and memecoins related to U.S. Vice President Kamala Harris surged as the latest donation round tied to the Democratic campaign raised $81 million in 24 hours, boosting sentiment among some traders.
Bettors previously placed just 8% odds at the start of July, but that changed as incumbent Joe Biden announced on Saturday that he would no longer contest in the November elections., a political meme token modeled after Harris, jumped 62% to set a new lifetime high of 2 cents at a $27 million market capitalization. The token is up a mammoth 4,000% since a June 18 low of $0.00061, buoyed mainly by Harris’ possibility of becoming president.
Some expect Harris or the Democratic party to mention the industry in the coming weeks, however, which could impact price action.
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