- BitMEX launched the TRUMP and KAMA meme cash, which mix politics with cryptocurrency buying and selling.
- TRUMP and KAMA tokens had been launched with distinctive market positions to generate pre-election curiosity.
- BitMEX’s prediction market contract permits for hypothesis on the end result of the Trump-Harris election.
BitMEX is ready to launch two new meme cash: MAGA (TRUMP) and Kamala. Hollis (KAMA) is impressed by the 2024 US presidential election. Buying and selling of those tokens will start on August 20 at 4am (UTC) on BitMEX's spot platform.
The MAGA (TRUMP) token takes inspiration from Donald Trump’s 2016 marketing campaign slogan, “Make America Nice Once more.” It’s an Ethereum-based meme coin for funding functions, however its creators have but to construct a broad ecosystem round it.
On the time of writing, TRUMP is buying and selling at $2.72 with a buying and selling quantity of $1,519,120. Regardless of a slight drop of 0.16% over the previous day, the token stays in the marketplace with a reside market cap of $119,732,706 and a circulating provide of 43,997,357 TRUMP cash.
In distinction, the Kamala “Hollis” (KAMA) token is a lighter tribute to Vice President Kamala Harris. Not like the MAGA token, KAMA goals to foster a community-driven platform the place customers can be part of discussions, share memes, and take part in occasions. Presently, KAMA is priced at $0.009640 with a buying and selling quantity of $1,081,727. Nevertheless, the token has skilled a 11.85% drop in worth prior to now day.
BitMEX added that it’s going to facilitate buying and selling within the TRUMP/USDT and KAMA/USDT pairs. Moreover, BitMEX emphasised that it solely helps deposits of tax-exempt TRUMP tokens on the Ethereum blockchain utilizing a contract tackle offered by the platform.
Along with these new listings, BitMEX has additionally hinted that it’s going to introduce prediction market contracts, permitting customers to invest on the end result of the upcoming presidential election between Donald Trump and Kamala Harris.
Harris has garnered help from younger and minority voters, and her efficiency might impression the crypto market, particularly if she takes the lead within the election. Trump's bullish stance on digital property is already well-documented, additional fueling curiosity in these meme cash.
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