Memecoins associated with US President JOE Biden, his wife Jill and son Hunter have dropped more than 60% since Biden officially withdrew from the 2024 presidential race.
JOE Biden-linked Jeo Boden (BODEN) coin dropped 62% in less than two hours while Kamala Horris (KAMA) soared amid speculation that US Vice President Kamala Harris will replace Biden as a candidate for the Democratic Party.
CoinGecko data shows that nearly $10 million was wiped from BODEN's market Capital , which stood at $16.2 million before the news broke.
CoinGecko data shows that memecoins associated with JOE Biden's family members were hit even harder, including the Token Jill Boden (JILLBODEN), down 68.5%, and Hunter Biden's Laptop (LAPTOP ), down 62%, according to CoinMarketCap.
The market Capital of both JILLBODEN and LAPTOP fell below $100,000.
Memecoins tied to Kamala Harris skyrocket
Meanwhile, the Kamala Horris (KAMA) memecoin related to Kamala Harris has surged 133% as experts predict the US Vice President is likely to replace Biden as the Democratic nominee.
It is unclear how Harris would support the cryptocurrency industry – as she has never publicly Chia her views – for or against – the industry.
Biden did not give a reason for quitting, only stating that it was in the "best interests" of his party and country.
Make America Great Again-themed MAGA memecoins related to Republican candidate Donald Trump have increased 7% since Biden announced he was leaving the race.
FOLLOW US ON FACEBOOK | TELEGRAM | Twitter
Disclaimer: All content on this website is for informational purposes and does not constitute investment advice. Readers should conduct their own research before making investment decisions. We are not responsible, directly or indirectly, for any damage or loss arising in connection with the use of or reliance on any content you read on this website.
