Key Takeaways:
- President Biden announced he won’t run in the 2024 presidential race, endorsing VP Kamala Harris.
- Meme coins tied to Biden’s campaign fell, while those linked to Harris and Trump surged.
- Harris is now the leading Democratic contender on the Polymarket prediction market.
President Joe Biden announced his withdrawal from the 2024 presidential race, endorsing Vice President Kamala Harris as his successor for the Democratic nomination.
This decision, made public on Sunday, was influenced by internal party dissent and a poor debate performance in June.
My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best… pic.twitter.com/x8DnvuImJV
— Joe Biden (@JoeBiden) July 21, 2024
Following Biden’s announcement, meme coins associated with his campaign plummeted, while those linked to Harris and Trump saw significant increases.
The Polymarket prediction market now lists Harris as the leading Democratic contender.
Biden’s withdrawal also caused a brief dip in bitcoin prices.
Harris expressed her commitment to uniting the Democratic Party and defeating Donald Trump in the upcoming election.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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