Digital token in honor of Joe Biden plummets by 62%

After the current US President Joe Biden announced his decision to stop participating in the election campaign, the market value of the Jeo Boden (BODEN) meme coin associated with him fell by 62.77% to $ 0.0091. Over the past 24 hours, the cryptocurrency has moved to 1606th place with a market capitalization of $ 6.4 million.

on July 21, Biden announced his support for Vice President Kamala Harris as the Democratic candidate in the election. This news caused a sharp drop in the value of the BODEN meme coin, as well as other meme coins associated with members of the Biden family. For example, the virtual coin associated with First Lady Jill Biden lost 83% of its initial value.

The LAPTOP memecoin associated with Joe Biden’s son, Hunter Biden, fell by 51%, according to CoinMarketCap. At the same time, according to the CoinGecko analytical platform, the Kamala Horris (KAMA) memecoin grew by 79% after Biden’s announcement that he was ending his campaign.

Experts from Polymarket predict that Kamala Harris’s chances of winning the election are 26%, while Donald Trump’s are 63%.

As a reminder, the cryptocurrency market reacted to Joe Biden’s statement with a short-term drop. The rate of the flagship cryptocurrency plummeted from $ 67,500 to $ 66,000 in a few minutes after it became known that the current US president had withdrawn his candidacy from the US presidential election.