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A memecoin inspired by a possible replacement for Joe Biden as the Democratic Party’s presidential candidate in the United States elections has seen notable gains in the last 24 hours.

According to data from CoinGecko, the PolitiFi memecoin inspired by Kamala Harris, Kamala Horris (KAMA), has risen significantly in the last 24 hours, jumping 265% in the mentioned period. At the time of writing, the crypto asset is priced at US$0.01177.

KAMA memecoin price chart for the last 24 hours. Source: CoinGecko
Kamala Horris (KAMA) memecoin price chart over the last 24 hours. Source: CoinGecko

Possible Biden replacements include Vice President Kamala Harris, Michigan Gov. Gretchen Whitmer, California Gov. Gavin Newsom, Transportation Secretary Pete Buttigieg, Sen. Cory Booker, Illinois Gov. JB Pritzker and Sen. Amy Klobuchar.

There is also a Gavin Newsom-inspired memecoin called NOOSUM. However, the price of this cryptocurrency has fallen by 5.6% in the last 24 hours.

Biden’s surrogate memecoin soars

In contrast, the misspelled “Jeo Boden” (BODEN) memecoin, which “pays homage” to the current US president, has fallen more than 30% in the past 24 hours. President Joe Biden’s performance in last week’s televised debate against Republican challenger Donald Trump has sparked calls for the 81-year-old president to withdraw from the re-election race.

This has led to several suggestions of names as possible replacements to face Trump in November of this year. Joe Biden has until August 4 to decide whether to remain in the race or drop out, as per the deadline set by Ohio law.

Newsom, in particular, has been frequently mentioned as a fallback. Perhaps that’s why he’s also earned a memecoin. Meanwhile, Buttigieg, a former 2020 presidential candidate, and Booker, who ran against Biden in 2019, are also viable options.

Meanwhile, Donald Trump-inspired memecoin MAGA has fallen more than 20% in the past 24 hours, according to data from CoinGecko. The cryptocurrency is trading at $5.05 at the time of writing.

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