KAMA Memecoin Soars 10% Following Putin’s Endorsement Of Kamala Harris

Rubmar Garcia

10 months ago

3 mins read

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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.

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.

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.

memecoin, KAMA, KAMAUSDT — KAMA’s performance in the weekly chart. Source: KAMAUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Rubmar Garcia

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.

From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.

In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.

At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.

After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.

Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies –or her favorite memes.

In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.

She also has a passion for learning new languages and cultures, having set the goal to learn another six languages – currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.

In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.

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