Fortune has favored one lucky trader today, who in the early hours finished a series of transactions that got them 8200% returns on a $960 purchase of the new Kamala Harris meme coin parody Kamala Horris ($KAMA).
According to data on DEXScreener, the trader purchased 628,200 $KAMA tokens on June 26 and then flipped them over the course of three weeks and 266 transactions for a profit of $77,829, an increase of a fraction over 8107%.
In the run-up to the 2024 US Presidential eledtions, there has been a craze for meme coins parodying US politicians. Last week, Jeo Boden ($BODEN), a spin on incumbent President Joe Biden, rallied 20% overnight.
After a foiled assassination attempt on his number one challenger last Saturday, Republican nominee and crypto-friendly candidate Donald Trump, crypto parodies related to the latter surged sharply.
Crypto parody coins of the two main candidates are now in decline. MAGA ($TRUMP) and Pepe Trump ($PTRUMP) both fell 9% overnight, while MAGA Hat ($MAGA) is down 5%. Jeo Boden has lost a whopping 30% for its holders over the last 24 hours.
Still, Kamala Harris is not in the election race, a fact which fans of $KAMA will be leaning on to anticipate further price rises. Indications suggest the token could hold the fort at its current price of a cent, having risen 118% overnight.
That momentum appears to be sustained, with an 8% rise in the last hour. However, it’s $2.9 million 24-hour trading volume is split equally between buying and selling, indicating some current profit-taking could stabilize the price in the short term.
Source: DEXScreener
With AI-Integration, WienerAI is More Than A Seasonal Meme Coin, Unlike Kamala Horris
Kamala Horris’s future in the mid-to-long term is far from certain. Recent events have put Trump and the Republicans as the firm favorites to win the election in November. That means a change of Vice President is more than likely.
In this case, there’s only so much mileage left for the $KAMA token.
However, one high-functionality meme coin will outlast the election meme coin fad is the AI-integrated doge-themed WienerAI ($WAI). It’s early days yet, but it’s already shaping up to be the ICO of the summer.
It currently sells at a fixed presale price of $0.00073 on the website, but investors who want to get in early have just thirteen days to snap it up before the presale ends. After that, exchange listings and word-of-mouth hype could easily take it up to the revered dollar mark.
WienerAI is more than just another dog-themed coin. He’s a next-generation crypto project that offers crypto fans the most advanced, beginner-friendly AI trading chatbot in crypto.
If you've ever felt like crypto trading is complicated, you're not alone. That's why we've built WienerAI with simplicity in mind.
WienerAI acts like most AI chat bots you've used before. Except this bot helps you find winning crypto trades. (2/4) pic.twitter.com/6whYnCkSlZ
— WienerAI (@WienerDogAI) June 11, 2024
Owners benefit from user-friendly AI-enhanced trading advice, seamless swap functionality and zero fees.
His presale is almost over and it has so far taken well over $7.5 million in investments.
Moreover, Blockchain security platform Coinsult audited WienerAI’s smart contract.
WienerAI’s website offers buyers the ability to stake during the presale in order to take advantage of the mouth-watering yield, which is currently 149% APY.
These factors make $WAI an altogether safer speculative investment in the long-term than Kamala Horris
Keep on top of WienerAI news over on X and Telegram.
Join WienerAI Here
The post Trader Turns $960 into $78,789 on New Kamala Harris Meme Coin appeared first on Cryptonews.
