KAMA Memecoin Soars 10% Following Putin’s Endorsement Of Kamala Harris
September 05 2024 - 6:30PM
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A Kamala Harris-inspired memecoin recently jumped over 10% after
the US Vice President received public endorsement from Vladimir
Putin. The Russian president expressed his support for the
Democratic candidate on Thursday, fueling a surge in the PolitiFi
token’s activity. Related Reading: Dogwifhat (WIF) Leads Memecoins
Recovery With 12% Jump, Is $2.2 The Next Stop? Putin Endorses
Kamala Harris’ Campaign As the US elections get closer, the
presidential candidates continue to receive support from various
industry figures, politicians, and world leaders. Republican
candidate Donald Trump has been endorsed by many figures in the
sector and pro-crypto former candidates like Vivek Ramaswamy and
Robert F. Kennedy Jr. Meanwhile, the Democratic nominee and US VP,
Kamala Harris, has also received support from some industry
executives and advocates despite her unclear stance on the sector.
Most recently, Russian President Vladimir Putin joined the voices
advocating for Harris’ presidential campaign for the upcoming
elections. During the plenary session at the Eastern Economic Forum
(EEF), Putin shared his support for the US VP following Biden’s
rally dropout. The Russian president had previously endorsed Joe
Biden’s reelection, stating he was his “favorite” candidate. As
reported by news outlet Sputnik, Putin suggested that the Russian
government would follow Biden’s “recommendation” and support the
Democratic candidate: I once said that if we can name a favorite
candidate, it would be Joe Biden, but now he’s not participating in
the election campaign. He recommended supporting [Kamala] Harris.
So, that is what we are going to do… Additionally, the Russian
president expressed a fascination for the US VP’s laugh, which has
also captivated the internet’s attention and inspired a series of
memes using recordings of her voice. “Her laugh is so fascinating.
It means that everything is good,” stated the Russian leader. KAMA
Memecoin Jumps 16% On Wednesday night, Kamala Horris (KAMA), a
Kamala Harris-themed memecoin, registered a jump of over 15% amid
the market fluctuation. The surge was seemingly fueled by reports
claiming the VP’s campaign was accepting crypto donations through
Coinbase. Yesterday, Fortune reported that Coinbase’s Chief
Financial Officer (CFO), Alesia Haas, stated that the Democratic
candidate was using the platform to accept donations in digital
assets. Following the speculation, it was later revealed that
Harris’ campaign wasn’t directly accepting crypto. As a Coinbase
representative clarified, the CFO comments seemingly referred to
the Future Forward Political Action Committee (PAC), a Democratic
Party-aligned super PAC, dedicated to supporting the party’s
nominee. The KAMA memecoin momentarily became the largest gainer
among the top tokens in the PolitiFi sector, but quickly retraced
11%. However, in the early hours of Thursday, KAMA surged another
10%, retesting the $0.009 zone again. Related Reading: AAVE Whale
Goes On $6.78 Million Buying Spree As Price Recovers 16% The
token’s recent price action represents a 12% and 57% increase in
the weekly and biweekly timeframes. Similarly, the memecoin’s daily
activity increased by 10.2% in the last 24 hours, reaching $3.2
million. As of this writing, KAMA is trading at $0.0089, a 7.5%
increase in the past day. Featured Image from Unsplash.com, Chart
from TradingView.com
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