The United States political landscape is buzzing with rumors. Independent candidate Robert F. Kennedy Jr. is speculated to withdraw from the presidential race. Reports suggest he may endorse his current rival, Donald Trump, this week.

As speculations around Trump and RFK intensify, the market capitalization of top political tokens has surged by over 8% in the last day. Trump-themed meme coins have led this charge, showing a whopping 40% increase in their value.

RFK's Pro-Crypto Stance

Kennedy has been a popular figure in the pro-crypto camp throughout his campaign. In April, he made headlines by proposing to place the entire US budget on the blockchain if elected.

More recently, he revealed a plan to incorporate Bitcoin into the US national reserve, matching its value with its gold reserves.

Excitement in the Crypto Community

The latest reports have sparked a wave of excitement among the crypto community. According to ABC News, Kennedy is expected to bow out of the presidential race at an event in Phoenix on Friday. The report cites "sources familiar with the matter" who state that he might endorse Trump after exiting the race.

"Kennedy will address the nation live on Friday to discuss his path forward," said a spokesperson for Kennedy on X.

Market Reactions and Predictions

As the rumors gained traction, online prediction markets reacted swiftly. The latest data from Polymarket, a decentralized prediction market, shows that Trump's chances of winning the upcoming election are 51%, while Kamala Harris's chances are 48%.

Surge in PoliFi Tokens

The mere suggestion of Kennedy's support for Trump has electrified the public. This buzz has driven increased activity in PoliFi crypto tokens.

The top political meme coins have surged by over 15% in the last 24 hours. Notably, the Trump-themed meme coin MAGA has experienced a 20% rise in value and a 100% increase in trading volume, now at $6.92 million. Another token, PEPE (TRUMP), has skyrocketed by over 130% in the past day, according to data from CoinMarketCap.

Interestingly, despite Kamala Harris's less favorable reputation in the crypto industry, tokens associated with her have also seen an uptick. The HARRIS token has surged 15% in the last 24 hours.

Disclaimer

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Since market conditions can change rapidly, we encourage you to verify information independently and consult a professional before making decisions based on this content.