{"id":84550,"date":"2024-07-21T22:48:07","date_gmt":"2024-07-22T02:48:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84550"},"modified":"2024-07-21T22:51:37","modified_gmt":"2024-07-22T02:51:37","slug":"biden-family-memecoins-fall-60-after-exit-from-electoral-race","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/biden-family-memecoins-fall-60-after-exit-from-electoral-race\/","title":{"rendered":"Biden Family Memecoins Fall 60% After Exit from Electoral Race"},"content":{"rendered":"\n

Biden Family Memecoins tanked more than 60%, while a memecoin tied to US Vice President Kamala Harris <\/a>soared 133% before cooling off.<\/p>\n\n\n\n

\"Biden
Biden Family Memecoins Fall 60% After Exit from Electoral Race<\/em><\/figcaption><\/figure>\n\n\n\n

Memecoins associated with United States President Joe Biden, his wife Jill, and son Hunter have experienced an over 60% decline since Biden's official withdrawal from the 2024 presidential campaign.<\/p>\n\n\n\n

In less than two hours, the Jeo Boden (BODEN) token<\/a>, which is associated with Joe Biden, experienced a 62% decline, while the Kamala Horris (KAMA) token experienced a surge amid rumors that US Vice President Kamala Harris will succeed Biden as the Democratic candidate.<\/p>\n\n\n\n

BODEN's market valuation was 16.2 billion before the news, but it has been reduced by nearly 10 billion, according to CoinGecko data.<\/p>\n\n\n\n

\"BODEN\u2019s
BODEN\u2019s change in price over the last 24 hours. Source: CoinGecko<\/em><\/figcaption><\/figure>\n\n\n\n

CoinGecko data\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> indicates that the news mainly affected memecoins associated with Joe Biden's family members. This data includes the Jill Boden token (JILLBODEN), which experienced a 68.5% decline in value, and Hunter Biden's Laptop (LAPTOP), which experienced a 62% decline, according to CoinMarketCap.<\/p>\n\n\n\n

The market capitalizations of both JILLBODEN and LAPTOP have declined below $100,000.<\/p>\n\n\n\n

Memecoin tied to Kamala Harris sees growth<\/strong><\/h3>\n\n\n\n

In the interim, the Kamala Harris-linked Kamala Horris (KAMA) memecoin experienced a 133% increase as pundits predict that the US Vice President will serve as the Democratic candidate to succeed Biden.<\/p>\n\n\n\n

Harris is currently at 80% odds of succeeding Biden, according to gamblers on the decentralized predictions market Polymarket, even though KAMA has since declined by 35% from its 24-hour high.<\/p>\n\n\n\n

\"KAMA\u2019s
KAMA\u2019s change in price over the last 24 hours. Source: CoinGecko<\/em><\/figcaption><\/figure>\n\n\n\n

Former US First Lady Michelle Obama and Michigan Governor Gretchen Whitmer are significantly behind the 5% and 4% thresholds, respectively.<\/p>\n\n\n\n

It is uncertain whether Harris would favor the cryptocurrency industry, as he has never publicly expressed his opinion.<\/p>\n\n\n\n

Biden refrained from specifying his rationale for withdrawing; instead, he asserted that it was in the “best interest” of his party and nation.<\/p>\n\n\n\n

Nevertheless, the incumbent President of the United States intends to complete his current term.<\/p>\n\n\n\n

There has been a 7% increase in the value of the Make America Great Again-themed memecoin MAGA, which is associated with Republican candidate Donald Trump, since Biden's announcement of his departure.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Biden Family Memecoins tanked more than 60%, while a memecoin tied to US Vice President Kamala Harris soared 133% before cooling off. Memecoins associated with United States President Joe Biden, his wife Jill, and son Hunter have experienced an over 60% decline since Biden’s official withdrawal from the 2024 presidential campaign. In less than two […]<\/p>\n","protected":false},"author":59,"featured_media":84553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[723,20699,20700,232],"class_list":["post-84550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-biden","tag-joe-boden-token","tag-maga","tag-memecoins"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/07\/joe-boden.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84550"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/84553"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}