Ripple co-founder Chris Larsen has made headlines again, this time with a notable $11 million donation to Vice President Kamala Harris’ campaign. As the crypto sector continues to navigate a turbulent regulatory environment, Larsen’s financial support demonstrates both his political alignment and long-term strategy for Ripple and the broader blockchain space. Meanwhile, Jet Bolt (JBOLT) has skyrocketed since its pre-sale began in August 2024 with over 40 million tokens sold.
Impact of Chris Larsen’s $11 million donation on XRP in the US election
Ripple co-founder and chairman Chris Larsen made headlines for donating an additional $10 million in XRP to Vice President Kamala Harris’ campaign. This came just two months after he first donated $1 million, making it her first major crypto donation to a presidential campaign.
In a post on X (formerly Twitter), Larsen emphasized his confidence in Harris’ leadership, particularly in advancing America’s dominance in technology, including in the cryptocurrency space. “It’s time for Democrats to embrace a new approach to innovation, including cryptocurrencies,” he said. I believe Kamala Harris will ensure American technology leads on the world stage. ”
Despite Larsen’s large financial backing, XRP faces several challenges. As of this writing, XRP is trading at $0.52, down 2.3% over the past week. The downtrend continues, with XRP dropping another 2.8% in the past 24 hours. The drop reflects broader concerns in the market, as the ongoing legal battle between Ripple and the SEC continues to cloud investor confidence.
Legal issues also contributed to a 9.22% decline in asset values over the past month. XRP price is currently hovering below $0.55, leading some investors to question its ability to recover. Analysts suggest that XRP needs to break above $0.56 to shift momentum in its favor and avoid further defensive pressure.
JetBolt soars with breakthrough technology
While XRP faces strong market resistance, JetBolt (JBOLT), an emerging altcoin in the pre-sale stage, is gaining attention due to its cutting-edge technology. With innovative features that solve key Web3 challenges, JetBolt has attracted the attention of crypto whales.
One of JetBolt’s standout features is its zero gas fee technology. JetBolt’s zero-gas system, developed on the Skale network, eliminates the high fees users often face on traditional blockchain networks. This gives JetBolt a competitive edge by providing a seamless, gas-free user experience that appeals to a wide range of crypto enthusiasts.
JetBolt’s AI-powered market insight tools provide real-time cryptocurrency news and analysis, giving users a significant advantage in the fast-paced world of cryptocurrency trading. JetBolt’s system leverages artificial intelligence to help traders analyze market sentiment, track price movements, and identify potential opportunities that are not immediately visible.
Since its launch in August 2024, JetBolt’s presale has already achieved impressive milestones, with $370,000 worth of tokens sold. Adding to the excitement, JetBolt is offering Alpha Boxes that offer up to 25% additional tokens to early adopters. This is an attractive offer that is contributing to the growing buzz around this emerging altcoin. With its next-generation platform and increased pre-order sales, JetBolt stands out as the top new altcoin of 2024.
Final Thoughts – Chris Larsen donates to Kamala Harris, Whales buy Jetvolts
Chris Larsen’s multi-million dollar XRP donation to Kamala Harris’ campaign has garnered attention, highlighting the growing influence of cryptocurrencies in the political arena. Not only does his endorsement highlight the potential role of cryptocurrencies in shaping future technology policy, but these donations also add to broader market sentiment, especially as XRP weathers ongoing volatility. It also raises questions about what kind of impact it might have. Meanwhile, JetBolt is making waves in the cryptocurrency world as its pre-sale surpasses milestones and shows the potential for new blockchain innovations.
Want to learn more about JetBolt? Check out the links below.
Website:jetbolt.io
X/Twitter page: https://x.com/JetBoltOfficial
Telegram channel: https://jetbolt.io/telegram
