Memecoin Creators Exploit U.S. Election Mania, Create 1000’s of New Tokens on Solana, Ethereum

Memecoin Creators Exploit U.S. Election Mania, Create 1000’s of New Tokens on Solana, Ethereum

by Jeremy

There are, nevertheless, extra established election-related memecoins together with MAGA and the Kamala Harris-themed KAMA. Buying and selling quantity 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.

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