BitMEX is ready to launch two new memecoins, MAGA (TRUMP) and Kamala Horris (KAMA), impressed by the 2024 U.S. presidential election. Buying and selling for these tokens will start August twentieth at 04:00 UTC on BitMEX’s Spot platform.
The MAGA (TRUMP) token takes inspiration from the “Make America Nice Once more” slogan from Donald Trump’s 2016 marketing campaign. It’s an Ethereum-based memecoin supposed for funding functions, though its creators have but to construct a broader ecosystem round it.
As of the press time, TRUMP was buying and selling at $2.72, with a buying and selling quantity of $1,519,120. Regardless of a small 0.16% drop previously day, the token stays available in the market, with a reside market cap of $119,732,706 and a circulating provide of 43,997,357 TRUMP cash.
In distinction, the Kamala “Horris” (KAMA) token is a lighthearted tribute to Vice President Kamala Harris. In contrast to the MAGA token, KAMA goals to foster a community-driven platform the place customers can have interaction in discussions, share memes, and take part in occasions. At current, KAMA is priced at $0.009640, with a buying and selling quantity of $1,081,727. Nonetheless, the token has skilled an 11.85% lower in worth over the previous day.
BitMEX added noting that it’s going to facilitate the buying and selling of TRUMP/USDT and KAMA/USDT pairs. Furthermore, BitMEX highlighted that it’s going to solely help deposits of the taxless TRUMP token on the Ethereum blockchain, with a contract tackle offered by the platform.
Past these new listings, BitMEX indicated it’ll additionally introduce Prediction Markets contracts, permitting customers to invest on the presidential election’s end result between Donald Trump and Kamala Harris.
With Harris gaining help from youthful and minority voters, her efficiency might affect the cryptocurrency market, particularly if she takes the lead within the election. Trump’s bullish stance on digital property has already been well-documented, including one other layer of curiosity to those memecoins.
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