Putin Endorses Kamala Harris’ Campaign
As the US elections draw near, political candidates are garnering support from various industry figures, politicians, and world leaders. Republican candidate Donald Trump has received endorsements from key figures in the sector, while Democratic nominee and US Vice President Kamala Harris has also found support despite her ambiguous stance on certain issues. Most notably, Russian President Vladimir Putin recently voiced his support for Harris’ presidential campaign, following Joe Biden’s withdrawal from the race.
During the Eastern Economic Forum (EEF) plenary session, Putin endorsed Harris, stating that the Russian government would support the Democratic candidate based on Biden’s recommendation. Putin also expressed admiration for Harris’ laugh, which has become a topic of fascination on the internet and inspired numerous memes.
KAMA Memecoin Jumps 16%
Kamala Horris (KAMA), a memecoin inspired by Kamala Harris, experienced a significant surge of over 15% amidst market fluctuations. Reports suggesting that Harris’ campaign was accepting cryptocurrency donations through Coinbase further fueled the token’s rise.
While initial reports indicated that Harris’ campaign was directly accepting crypto donations, it was later clarified that Coinbase’s Chief Financial Officer was referring to the Future Forward Political Action Committee (PAC), a Democratic Party-aligned super PAC supporting the nominee. Despite a brief retracement of 11%, KAMA memecoin surged another 10% in early trading hours on Thursday, retesting the $0.009 zone.
The token’s recent price action reflects a 12% and 57% increase in the weekly and biweekly timeframes, with a 10.2% daily activity increase totaling $3.2 million in trades. As of the latest update, KAMA is trading at $0.0089, marking a 7.5% increase in the past day.
This surge in KAMA memecoin activity comes on the heels of Putin’s endorsement of Kamala Harris, signaling potential market excitement surrounding the US Vice President’s campaign.
Conclusion
The recent developments surrounding Kamala Harris’ campaign and the surge in KAMA memecoin activity highlight the intersection of politics and cryptocurrency in the current landscape. With endorsements from influential figures like Putin and reports of cryptocurrency donations, the upcoming US elections continue to impact various sectors. As the race progresses, market participants will closely monitor the implications of these events on both political and financial fronts.
