Perhaps the only facet of our world more unpredictable than crypto is politics, and we've just been hit with the plot twist we've all been waiting for. President Joe Biden has dropped out of the 2024 election and Vice President Kamala Harris is swooping in for the takeover. That's right, folks, we're not talking about another memecoin revival, we're witnessing the grand spectacle of the KTO: the Kamala Takeover.
CTOs, or community takeovers, are nothing new in the crypto world. In fact, they are a meta of their own. Some of the most successful projects are CTOs and many KOLs actively seek them out. The narrative of the trustworthy dev is a dead one and people prefer a project backed by a dedicated community united by a common cause: being rugged. Picture the same scenario but with a dash of Capitol Hill drama. Joe Biden, citing a need to "spend more time with his dogs," has handed over the reins, and Kamala Harris is gearing up for the most ambitious takeover since Dogecoin started the memecoin craze.
And crypto enthusiasts are loving it. Projects using the namesake of the now Democratic nominee have been hoping for this day, holding onto their bags for dear life in hopes of Biden finally dropping out. And now that the day has come, they have finally been rewarded. As with any new meta, countless new Kamala coins popped up following the news, but it's those that weathered the sleepy onslaught of Biden's promises he wouldn't withdraw that look to benefit the most.
This is all in the wake of Donald Trump, ever the wildcard, continuing to declare his full support for crypto. His rallies now feature chants of "Make America Crypto Again!" With Trump cornering the pro-crypto voter base, the Democrats, now led by Kamala, are looking to make up some serious ground. Trump is already slated to speak at the upcoming Bitcoin Conference as news has recently broken that Kamala will not be there.
However, the KTO might just be the Democrats' golden ticket to wooing the degenerate meme-loving crowd who are ready for a change. Can Kamala rally chads and chadettes alike in hero favor? Only time will tell.