Presidential Debate Impact: BODEN, Trump-Themed Tokens Crash

CoinMarketCap06-30

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, ...

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Trump-themed tokens also saw significant declines, with TRUMP down 24.6%. Despite significant financial backin","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MAGA":"Point Bridge America First ETF"},"translate_title":"总统辩论影响：博登、特朗普主题代币崩盘","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAGA":1},"content_text":"Jeo Boden token plummets over 53% following the first presidential debate night.\nTrump-themed tokens also saw significant declines, with TRUMP down 24.6%.\nDespite significant financial backing, cryptocurrency was not discussed during the debate.\n\nCrypto markets proved sensitive to the political winds of the Presidential debate, with candidate-themed meme coins experiencing significant volatility despite the topic being absent from the discussion.\nAmong these, the BODEN meme coin saw a dramatic decline, plummeting over 40% in value.\nThe June 27 debate witnessed heated discussions on various topics, including the economy, immigration, war, and abortion. \nHowever, 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. \nDespite this omission, the market reacted, as meme coins inspired by the presidential candidates experienced heightened volatility.\nThe BODEN meme coin, named after President Joe Biden, suffered the most, falling over 50% from its 24-hour high during the debate night. \nThe coin dropped from $0.17 to $0.08, before partially recovering to $0.091. At press time, Jeo Boden traded at $0.0782, down 42.05% in 24 hours. \n\n\n  Joe Boden Token\n \n\nThis significant decline highlighted the sensitivity of these tokens to political events and public perception.\nSimilarly, the Make America Great Again (MAGA)-themed TRUMP token began its descent about 20 minutes before the debate started. \nIt fell 24.6%, reaching a price of $7.23. Other Trump-inspired tokens, such as Super Trump (STRUMP) and BABYTRUMP, also experienced double-digit losses during and after the debate.\nWhile neither Trump nor Biden addressed cryptocurrency during their debate, market analysts and traders closely watched the event for any hints about future policies. \nTrump’s odds of winning the presidency increased, as reflected in the prediction markets platform PredictIt, where his chances rose from $0.53 to $0.63. In contrast, Biden’s odds dropped sharply from $0.48 to $0.37. \nThis shift in market sentiment was partly due to Biden’s perceived weak performance during the debate, characterized by stumbling through some answers.\nThe fluctuations in these meme coin values reflect not only the candidates’ popularity but also the broader market dynamics. \nAs the election campaign progresses, political-themed meme coins are likely to continue serving as a unique barometer of public sentiment and candidate popularity. \nThe next debate, scheduled for September 10, will provide another opportunity to observe how political events influence the cryptocurrency market.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2447626224"}