Biden was exposed and announced that he would withdraw from the election as soon as this weekend. Obama and Pelosi are both negative... The meme currency BODEN plummeted 40%

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There are less than four months left in the U.S. presidential election, which takes place every four years. However, compared to Trump's growing calls on social media, Biden's poor performance in the first televised debate has led to frequent rumors within the Democratic Party that Biden will be replaced.

In addition, Biden was reported to have been diagnosed with COVID-19 for the third time yesterday (18th)... A series of incidents have caused him to face increasing pressure from both inside and outside the party to withdraw from the election.

People familiar with the matter: Obama also expressed concerns about Biden's re-election

Against this background, many American media quoted insiders yesterday as saying that even former U.S. President Obama, a Democrat, said to his close friends that the possibility of Biden being re-elected has been greatly reduced:

President Joe Biden needs to seriously consider his viability as a candidate.

According to the latest report from "AXIOS", several senior figures in the Democratic Party believe that if Biden decides to withdraw from the race, he may make a decision as soon as this weekend:

The 81-year-old president is now self-isolating due to the coronavirus, but he has maintained his stance in public. But Democrats tell CNN that privately he has succumbed to mounting pressure, poor polling and untenable scrutiny that has made it impossible for his campaign to continue.

The president has been told that if he remains in office, former President Trump could win a landslide victory in November, destroying Biden's legacy and Democratic hopes.

Emerson Poll: Trump leads in 7 swing states and nationally

According to the latest poll from Emerson College, Trump currently leads Biden in seven swing states in the United States. Nationally, 46% of registered voters support Trump, 42% support Biden, and 12% are undecided.

The survey continued to point out that if third-party candidates join the race, Trump's support in the United States and 6 of the 7 swing states will either continue to be maintained or will continue to expand. (That is to say, it may be difficult for Trump’s approval rating to decline)

However, although Trump is temporarily ahead of Biden, some analysts pointed out that the current lead does not necessarily determine the final outcome. For example, Tsai Rong-hsiang, a professor at the Department of Political Science at National Chung Cheng University in Taiwan, pointed out on the 16th that although current public opinion and Trump’s performance after the attack gave him some advantages, there are still several months until the U.S. election, and there are still many variables in the process. :

Trump's poll numbers will indeed rise in the short term, but there are still several months before the election, including Trump's judicial case, Biden's son's judicial case, and other possible emergencies that will affect the election results.

The Electoral College system of the U.S. presidential election will also bring variables to the election results. When Trump ran against Hillary Clinton, although he fell behind in the popular vote, he benefited from this system and was elected. Polls are not the final indicator to determine the outcome of this election, because the American electoral system is not based on the popular vote. If you win many small states, you may still defeat a few key states or large states; it is not your national election. To win the polls, you have to look at the states.

Biden meme coin BODEN falls below $0.03

With the direction of public opinion almost showing a one-sided trend, the Biden meme currency BODEN on Solana has performed particularly badly recently. At the time of writing, it has fallen below US$0.02 to US$0.0196, a drop of more than 42% in the past 24 hours, and its market value has also dropped to $13 million.

Image source: DEX SCREENER

On the other hand, Trump-related election meme coins have performed very strongly recently:

  • FIGHT (Ethereum): The slogan shouted by Trump after the attack. At the time of writing, it was $0.056, up 19.9% ​​in the past 24 hours.
  • TRUMP (Ethereum): Trump’s meme coin of the same name, US$6.33 at the time of writing, with a market value of nearly US$300 million
  • MAGA (Ethereum): Trump’s campaign slogan Make America Great Again, the time of writing was $0.000152, with a market value of $62 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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