Fun

Biden family memecoins tank 60% after Biden exits presidential race

News Feed - 2024-07-22 09:07:17

Brayden Lindrea8 hours agoBiden family memecoins tank 60% after Biden exits presidential raceMemecoins linked to Joe, Jill, and Hunter Biden tanked more than 60% while a memecoin tied to US Vice President Kamala Harris rallied 133% before cooling off.2000 Total views11 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksMemecoins linked to United States President Joe Biden, his wife Jill, and son Hunter have fallen more than 60% since Biden officially dropped out from the 2024 presidential race.


The Joe Biden-linked Jeo Boden (BODEN) token tanked 62% in less than two hours while Kamala Horris (KAMA) token soared amid speculation that US Vice President Kamala Harris will replace Biden as the Democrat candidate.


Nearly 10 billion has been wiped from BODEN’s market cap, which stood at 16.2 billion before the news broke, CoinGecko data shows.BODEN’s change in price over the last 24 hours. Source: CoinGecko


CoinGecko data shows that memecoins linked to Joe Biden’s family members were hit even harder, including the Jill Boden token (JILLBODEN), which tanked 68.5% on the news and Hunter Biden’s Laptop (LAPTOP), which fell 62%, according to CoinMarketCap.


Both JILLBODEN and LAPTOP’s market caps have fallen below $100,000.Memecoin tied to Kamala Harris soars


Meanwhile, the Kamala Harris-linked Kamala Horris (KAMA) memecoin increased 133% as pundits tip the US Vice President to be the likely replacement for Biden as a Democrat candidate.


While KAMA has since cooled off 35% since its 24-hour high, Harris is now on 80% odds to replace Biden, according to punters on decentralized predictions market Polymarket.KAMA’s change in price over the last 24 hours. Source: CoinGecko


Former US First Lady Michelle Obama and Michigan Governor Gretchen Whitmer trail far below 5% and 4%, respectively.


Related:House fails to override Biden’s veto on nullifying SEC crypto rule


It isn’t clear how supportive Harris would be of the cryptocurrency industry — having never publicly shared an opinion — for or against — it.


Biden didn’t cite his reasons for dropping out — instead, he claimed it was in the “best interest” of his party and country.


The current US President, however intends on finishing out his current term.


The Make America Great Again-themed memecoin MAGA linked to Republican candidate Donald Trump has increased by 7% since Biden’s announced his exit.


Magazine:Saudi Arabia’s Riyadh may be crypto’s sleeping giant: Crypto City Guide# Altcoin# United States# Elections# Donald Trump# Memecoin# Joe BidenAdd reaction

News Feed

CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules
CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive RulesThe chairman of the Commodity Futures Trading Commission (CFTC) has called on other regulators to establis
Bank of Russia Aims for Full Launch of Digital Ruble in 2024
Bank of Russia Aims for Full Launch of Digital Ruble in 2024 The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, acc
Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days
Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days The crypto economy has managed to remain above the $2 trillion mark during the last five days since Ma
Chainalysis: Crypto Scam Revenue Dropped 46% in 2022
Chainalysis: Crypto Scam Revenue Dropped 46% in 2022 Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attri
Panther Protocol CTO Anish Mohammed Explains How to Infuse DeFi With Privacy
Panther Protocol CTO Anish Mohammed Explains How to Infuse DeFi With Privacy Panther is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateraliz
Clothing the Naked Emperor – the Blockchain Potential Unleashed With Prasaga
Clothing the Naked Emperor – the Blockchain Potential Unleashed With Prasaga Prasaga is a Foundation-based organization and the creator the DataGrid Blockchain
Turner Wright1 hour agoCrypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3The special purpose acquisition company deal, first reported in August 2022, cost $885 million and is expected to allow investo
As Bitcoin and Ethereum See Sharp Drops, 18 Crypto Assets Captured Double-Digit Gains Last Week
As Bitcoin and Ethereum See Sharp Drops, 18 Crypto Assets Captured Double-Digit Gains Last Week While the crypto economy shed billions in value this week, 18 different digital asse
Russian Parliament Sets Up Working Group on Cryptocurrency Regulations
Russian Parliament Sets Up Working Group on Cryptocurrency Regulations A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the low
The First of Its Kind Metachain Project, ShuttleOne Joins Tezos Protocol
The First of Its Kind Metachain Project, ShuttleOne Joins Tezos Protocol press release PRESS RELEASE. ShuttleOne, the latest project to embrace Tezos, to soon drive adoption and liq
Gareth Jenkinson11 hours agoBitget surpasses 20M users as wallet integration spurs trading volumesThe platform is now among the four largest cryptocurrency exchanges by trading volume after integrating with its recently
Arijit Sarkar27 minutes agoSingapore regulatory sandbox lacks qualified crypto payment providersThe MAS has said that rising malware scam cases in Singapore have nothing to do with cryptocurrencies. On the contrary, it c