Though crypto was left unmentioned in final evening’s first 2024 US Presidential debate, memecoins based mostly on the candidates’ likenesses have responded strongly.
Final evening, tens of millions of Individuals tuned in to look at the primary of two debates between Republican candidate Donald Trump and incumbent Democratic President Joe Biden.
The 2 candidate’s crypto stances have been a matter of sizzling debate inside the digital asset neighborhood. Whereas Trump has billed himself as “The Crypto President”, Biden’s marketing campaign has taken warmth for what’s perceived as a hostile stance in opposition to the trade, together with the administration’s shut connections to Gary Gensler.
Regardless of the dialog surrounding crypto main as much as final evening’s debate, neither Bitcoin (BTC) nor crypto was talked about.
Regardless, two memecoins based mostly on the candidates’ likenesses responded dramatically to the controversy.
MAGA (TRUMP), a memecoin that just lately crashed attributable to rumors of Trump launching an official memecoin, leaped 33% from a 24-hour low of $7.22 to a 24-hour excessive of $9.61 within the hours following the published. In the meantime, Jeo Boden (BODEN) crashed from a 24-hour excessive of $0.1715 to a low of $0.07204 — a 58% fall.
BODEN is price $0.07917 at time of writing, down 37% on the day. TRUMP has since corrected and is at the moment price $7.24, down 19% over the identical interval.
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