KAMA Memecoin Skyrockets 10% After Putin Backs Kamala Harris’ Campaign
A memecoin inspired by Kamala Harris experienced a surge of over 10% following an unexpected endorsement from Russian President Vladimir Putin. This announcement further fueled the momentum of the PolitiFi token, as it gained traction in the cryptocurrency market.
As the US elections draw near, presidential candidates are receiving endorsements from various industry figures and world leaders. While Republican candidate Donald Trump has garnered significant support from individuals in the sector, Kamala Harris, the Democratic nominee and US Vice President, has also secured backing from industry executives.
In a surprising turn of events, Putin openly expressed his support for Harris during a plenary session at the Eastern Economic Forum. Previously endorsing Joe Biden, Putin emphasized that now he would follow Biden’s recommendation and endorse Harris. This unexpected backing from the Russian president has further elevated Harris’ presidential campaign and generated buzz within the crypto community.
Additionally, Putin’s fascination with Harris’ laugh has captured the attention of the internet and inspired a plethora of memes featuring her distinct vocal expression. The Russian leader remarked that her laughter indicates that everything is going well.
In response to reports stating that Harris’ campaign was accepting cryptocurrency donations through Coinbase, the KAMA memecoin witnessed a significant surge of 15%. However, it was later clarified that it was the Future Forward Political Action Committee, a Democratic Party-aligned super PAC, that was utilizing Coinbase for crypto donations. This clarification briefly caused a retracement, but the KAMA memecoin experienced another surge of 10% in the early hours of Thursday, bringing its overall performance to a 57% increase in the biweekly timeframe.
Despite this volatility, KAMA’s daily trading activity has risen by 10.2% in the past 24 hours, amounting to a total of $3.2 million. Presently, the KAMA memecoin is trading at $0.0089, demonstrating a 7.5% increase within the last day.
The unexpected endorsement from Putin and the subsequent surge in the KAMA memecoin’s value have made headlines, showcasing the ongoing impact of political figures on the cryptocurrency market.