RFK Jr. To Dropout Of The Presidential Race, Will Endorse Donald Trump, ABC News Reports

PolitiFi tokens surged 15.5% in the last 24 hours, with the price of memecoins inspired by the former US president taking the lead.

Recent reports have claimed that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have led to a 15% surge in PolitiFi tokens during the last 24 hours.

While tokens inspired by RFK Jr. have taken a hit, Trump-themed memecoins led the narrative with a 40% surge.

Recent reports have shown that a potential endorsement from Robert F. Kennedy Jr. could propel Donald Trump’s 2024 presidential bid.

According to ABC News, sources close to Kennedy have stated that the presidential candidate might endorse Trump after dropping out of the race.

This news comes as a surprise, considering Kennedy’s previous criticism of Trump and his policies. However, the Independent candidate has reportedly shifted his stance this year.

This presidential candidate has also expressed support for Bitcoin and blockchain technology throughout his campaign.

After the Biden administration’s narrative-shifting cryptocurrency crackdown, a candidate’s stance on the crypto industry has become a key factor for voters.

As a result, candidates who are pro-crypto have received significant support from the community.

According to ABC News, sources close to Kennedy have stated that the presidential candidate might endorse Trump after dropping out of the race.

This news comes as a surprise, considering Kennedy’s previous criticism of Trump and his policies.

However, the Independent candidate has reportedly shifted his thinking this year.

“One possible scenario being discussed is for Kennedy to appear on stage with Trump at an event in Phoenix on Friday,” the sources said.

“People familiar with both candidates cautioned that nothing is finalized and Kennedy’s thinking could always change.”

According to Polymarket’s 2024 Presidential Election Forecast, Trump’s chances rose to 54% after the news, with a 7% lead against Kamala Harris’ chances.

Following the news, the largest Trump-themed token, MAGA (TRUMP), saw a massive increase.

TRUMP’s price has taken a hit since the end of July when it was trading above the $6 mark.

The memecoin retraced below the $3 support zone following the August market crashes, registering a 41.5% drop in the last 30 days.

However, TRUMP skyrocketed 55.6% toward the $4.14 mark on Thursday. As of this writing the token is trading at $3.7, a 40% increase in the last 24 hours.

Other memecoins inspired by the former US president also saw a significant surge.

After the news, Doland Tremp (TREMP), Super Trump (STRUMP), and MAGA Hat (MAGA) rose 16%, 25%, and 23% respectively.

Meanwhile, the KAMA and KEIDY memecoins registered a 30% and 57% price drop in the last 24 hours.

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