The price of the KENNEDY meme coin fell nearly 22% on Tuesday night after Robert F. Kennedy Jr.’s running mate said RFK Jr. is considering dropping out of his campaign.
On Tuesday evening, August 20, the Robert F. Kennedy Jr.-themed event same corner KENNEDY’S poll fell sharply after his running mate suggested in a podcast interview that RFK Jr. might drop out of the presidential race to support former President Donald J. Trump.
In a podcast interview On the YouTube channel “Tom Bilyeu,” Kennedy’s vice presidential candidate Nicole Shanahan revealed that the couple is now weighing two options: continuing as independent candidates or withdrawing to endorse the former president. Donald Trump.
“There are two options that we are looking at, and one is to stay, to form that new party, but we run the risk of a Kamala Harris and [Tim] Walz presidency because we took votes from Trump. [Or] “We are stepping aside right now and joining forces with Donald Trump… and explaining to our base why we are making this decision.”
Nicole Shanahan
Following the statement, the price of the KENNEDY meme coin on Solana fell by 21.8% to $0.0001384, according to data from DEXScreener. Other political meme coins had mixed reactions, with TrumpCoin (DJT) falling 0.02% to $0.0001421, MAGA (TRIUMPH) fell 3.26% to $2.63, and the Solana-based company Harris The coin fell more than 18% to $0.0006471.
In response to Shanahan’s statement, Trump said CNN said it would “certainly” consider a role for Robert F. Kennedy Jr. in its administration if Kennedy ends his independent candidacy and endorses him.
The latest development comes as Democrats and Republicans take divergent stances on their crypto approaches. Trump’s team is increasingly aligning itself with cryptocurrency supporters, and the Republican nominee Appointment Several pro-crypto figures are joining his transition team. Meanwhile, rumors are swirling suggest that Securities and Exchange Commission Chairman Gary Gensler could be nominated as Treasury Secretary if the Vice President Kamala Harris wins the presidential election in November.
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