TRUMP Token Slumps 13.3%, Whereas KAMA Rises 12.16% Following Presidential Debate

Following the presidential debate between Donald Trump and Kamala Harris, belongings impressed by each candidates noticed worth fluctuations.

Meme tokens, MAGA (TRUMP) and Kamala Horris (KAMA), exhibited divergent worth actions throughout and after the trade, which was the primary debate between GOP presidential aspirant Trump and the Democratic candidate Harris.

Debate Recap and Key Points

The debate itself was a vital second for each candidates, the place they tackled key points equivalent to immigration, abortion, and the economic system. 

Harris took the chance to criticize Trump’s stance on ladies’s rights, particularly highlighting his stance on a ban on abortion. Recall that Trump had okayed Florida’s six-week abortion ban. She additionally attacked Trump’s stance on immigration. 

In the meantime, the Republican candidate criticized the present administration for the problems rising from a weak border management coverage. On the economic system, Trump faulted the Biden administration for the inflation woes the nation faces.

The talk didn’t deal with cryptocurrency immediately, however financial coverage is of great significance to crypto buyers. Notably, The Crypto Primary confirmed earlier as we speak that Trump’s odds on Polymarket dropped 3% earlier than rebounding.

Trump’s push to decontrol crypto and Harris’s ambiguity on the topic set the stage for a post-debate market response. Merchants flocked to crypto markets, particularly meme tokens representing the 2 candidates. 

TRUMP Token Slumps 13%

Earlier than the talk, the TRUMP (MAGA) token had been consolidating between $3.10 and $3.46, unable to interrupt by the $3.50 resistance degree. 

Nevertheless, as soon as the talk was underway, the token confronted a pointy sell-off. Inside two hours, TRUMP’s worth plunged by 9.19%, as sentiment round Trump’s efficiency within the debate soured amongst buyers. 

Over a four-hour span, the decline deepened, bringing the full loss to 13.3%. TRUMP bottomed out at $2.83, its lowest worth in 5 days.

Regardless of a quick rebound try to retest the $3 degree, the token confronted renewed promoting strain. This led to a different drop, pushing the token to $2.861. On the time of reporting, TRUMP is down 13.82% in comparison with its pre-debate ranges.

KAMA Token Rises 12%

On the flip facet, the Kamala Harris-inspired KAMA token, which had been languishing earlier within the week, noticed a dramatic turnaround throughout the debate. 

Hours earlier than the occasion, KAMA had dropped to $0.00725, reflecting a stoop in sentiment. Nevertheless, throughout the debate, the token surged by as a lot as 17.12% inside two hours, hitting a peak of $0.00910.

But, this rally was short-lived. The token confronted a correction simply hours later, shedding 6.26% of its beneficial properties. Regardless of the pullback, KAMA nonetheless stays 12.16% greater than its pre-debate low, at the moment buying and selling at $0.00813.