Current studies declare that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the final day. Whereas tokens impressed by RFK Jr. have plunged, Trump-themed memecoins took the lead with a 40% surge.
RFK Jr. To Dropout Of The Presidential Race
Throughout this cycle, memecoins have been on the entrance of the {industry}, turning into the most important narrative of the primary two quarters. As a result of sector’s nature, crypto buyers have immortalized the present occasion via these tokens, together with the upcoming November US presidential elections.
A candidate’s crypto stance has develop into a key issue for voters after the Biden administration’s crackdown on the {industry}. Because of this, pro-crypto candidates have obtained vital assist from the group.
Robert F. Kennedy Jr. was among the many first to share his industry-friendly strategy all through his marketing campaign, endorsing Bitcoin and blockchain expertise. Nonetheless, current studies declare the Impartial candidate will drop out of the race on Friday.
In line with ABC Information, sources near Kennedy declare that the presidential candidate will endorse former US president Donald Trump after dropping out. Trump embraced the {industry} this 12 months and later began accepting donations of various cryptocurrencies.
Per the report, “One doable situation being mentioned is for Kennedy to look on stage with Trump at an occasion in Phoenix on Friday.” Sources acquainted to each candidates cautioned that nothing is finalized and “Kennedy’s considering might at all times change.”
Nonetheless, the information comes days after the Impartial candidate revealed he wouldn’t endorse US VP and Democratic candidate Kamala Harris.
Trump Memecoins Take The PolitiFi Lead
PolitiFi tokens surged 15.5% within the final 24 hours, with the worth of memecoins impressed by the previous US president taking the lead. Because the rumors of RFK Jr. endorsement hit, on-line studies revealed the republican candidate’s possibilities of successful the election rose once more.
In line with Polymarket’s 2024 Presidential Election Forecast, Trump’s possibilities rose to 54% after the information, with a 7% lead towards Kamala Harris’ possibilities. Following the information, the most important Trump-themed token, MAGA (TRUMP), noticed an enormous improve.
TRUMP’s worth has taken successful because the finish of July when it was buying and selling above the $6 mark. The memecoin retraced beneath the $3 assist zone following the August market crashes, registering a 41.5% drop within the final 30 days.
Nonetheless, TRUMP skyrocketed 55.6% towards the $4.14 mark on Thursday. As of this writing the token is buying and selling at $3.7, a 40% improve within the final 24 hours. Different memecoins impressed by the previous US president additionally noticed a big surge.
After the information, Doland Tremp (TREMP), Tremendous Trump (STRUMP), and MAGA Hat (MAGA) rose 16%, 25%, and 23% respectively. In the meantime, the KAMA and KEIDY memecoins registered a 30% and 57% worth drop within the final 24 hours.
