Presidential Debate Impact: BODEN, Trump-Themed Tokens Crash
- Jeo Boden token plummets over 53% following the first presidential debate night.
- Trump-themed tokens also saw significant declines, with TRUMP down 24.6%.
- Despite significant financial backing, cryptocurrency was not discussed during the debate.
Crypto markets proved sensitive to the political winds of the Presidential debate, with candidate-themed memecoins experiencing significant volatility despite the topic being absent from the discussion.
Among these, the BODEN memecoin saw a dramatic decline, plummeting over 40% in value.
The June 27 debate witnessed heated discussions on various topics, including the economy, immigration, war, and abortion. However, the cryptocurrency sector was notably absent from the debate topics despite its growing influence and the significant funds raised by crypto-focused super Political Action Committees (PACs) supporting the industry. Despite this omission, the market reacted, as memecoins inspired by the presidential candidates experienced heightened volatility.
The BODEN memecoin, named after President Joe Biden, suffered the most, falling over 50% from its 24-hour high during the debate night. The coin dropped from $…
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