Following President Joe Biden's announcement of his exit from the presidential race and endorsement of Vice President Kamala Harris, the Democratic Party experienced a significant surge in donations. ActBlue reported a record-breaking $46.7 million raised by grassroots supporters on the day of Harris's campaign launch, marking the largest fundraising day of the 2024 election cycle. The enthusiasm among small-dollar donors led to estimates surpassing $60 million shortly after the announcement. Major Democratic donors, including Reid Hoffman and Alexander Soros, have publicly backed Harris, indicating strong party support. The Democratic National Committee (DNC) is preparing a transparent nomination process to select a candidate who can defeat Donald Trump, while committing to honor Biden's legacy. The fundraising influx reflects renewed optimism among Democratic voters as they rally around Harris's candidacy.