Key Takeaways
- Biden-themed Solana tokens plummeted throughout the Biden-Trump debate.
- No crypto mentions in debate regardless of excessive dealer curiosity.
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Biden-themed Solana memecoins skilled a pointy decline throughout Thursday night time’s first US presidential debate between Joe Biden and Donald Trump.
Jeo Boden (BODEN), a token that references a misspelling of US President Joe Biden’s title, fell sharply by over 40%, lowering from roughly $0.15 to $0.08, in keeping with CoinGecko.
Across the identical time, Hunter Boden (HUNTBODEN), a memecoin that references Biden’s son, Hunter Biden, plummeted by 50%, from $0.006 to $0.003, whereas the Jill Boden (JILLBODEN) token decreased by 9% to $0.000103.
Trump-themed memecoins additionally noticed a decline, with the Ethereum-based token MAGA (TRUMP) and the MAGA Hat token (MAGA) dropping 20% inside the identical timeframe.
The controversy, which aired on CNN at 9 p.m. ET, didn’t point out Bitcoin or crypto, regardless of merchants’ eager curiosity in its potential implications for the sector.
The 2024 US presidential election is coming into its key months main as much as Election Day on November 5. Trump is at present considered as a extra crypto-friendly candidate after repeatedly demonstrating his assist for Bitcoin and the crypto trade in latest months.
Customary Chartered predicts {that a} Trump win may increase the Bitcoin market, creating a good regulatory surroundings for the crypto market.
In the meantime, a number of outstanding crypto leaders and high-profile figures have voiced their assist for Trump. The Winklevoss twins lately disclosed a $2 million Bitcoin donation to Trump’s marketing campaign.
Moreover, in a latest interview, ARK Make investments CEO Cathie Wooden expressed her intention to vote for Trump. She mentioned he can be your best option for the US economic system.
Billionaire entrepreneur Mark Cuban is skeptical about Trump and Biden’s understanding of crypto. Nevertheless, he believes Biden might lose floor resulting from Gary Gensler, the US Securities and Change Fee’s chief, who’s well-known for his robust stance on the crypto trade.
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