Meme-themed cryptocurrencies associated with President Biden decline after his exit from the presidential race Meme-themed cryptocurrencies associated with President Biden decline after his exit from the presidential race
After President Joe Biden announced his withdrawal from the presidential race, the meme-themed digital currencies associated with him witnessed a significant decline.
The price of the Jill Boden cryptocurrency (JILLBODEN) fell by 68.5%, while the laptop token (LAPTOP), which also tracks President Biden, fell by 62%.
These significant declines reflect the broad impact of Biden's political exit on the relevant cryptocurrencies.
In contrast, the price of the digital currency (KAMA) saw a 133% rise to reach an all-time high of $0.02571.
This rise came amid speculation that Vice President Kamala Harris may replace Biden as the Democratic nominee.
This rise reflects growing optimism among investors about Harris' potential candidacy.
In the same context, the digital currency “BODEN” witnessed a significant decline in its market value, as nearly $10 billion of its value was erased after Biden’s announcement.
At the same time, the MAGA coin linked to Republican candidate Donald Trump has risen by 7% since Biden's exit.
This increase reflects a broader shift in the cryptocurrency market in response to the changing political landscape.
As Biden completes his current term, the future of related cryptocurrencies remains uncertain, while the rise of KAMA indicates a potential new focus in the market.
