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Biden family memecoins tank 60% after Biden exits presidential race

Memecoins linked to Joe, Jill, and Hunter Biden tanked more than 60% while a memecoin tied to US Vice President Kamala Harris rallied 133% before cooling off.

Memecoins linked to United States President Joe Biden, his wife Jill, and son Hunter have fallen more than 60% since Biden officially dropped out from the 2024 presidential race.

The Joe Biden-linked Jeo Boden (BODEN) token tanked 62% in less than two hours while Kamala Horris (KAMA) token soared amid speculation that US Vice President Kamala Harris will replace Biden as the Democrat candidate.

Nearly 10 billion has been wiped from BODEN’s market cap, which stood at 16.2 billion before the news broke, CoinGecko data shows.

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Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth

BODEN memecoins briefly spike after Hunter Biden guilty verdit

Misspelled memecoins referencing the U.S. first family surged after President Biden’s son was convicted of lying about being a drug user when buying a revolver.

Biden-themed Solana memecoins briefly surged then fell again after United States President Joe Biden’s son, Hunter Biden, was found guilty on three charges in a federal gun case.

Jeo Boden (BODEN) — a deliberately misspelled token in reference to the president — jumped 26% to a 24-hour high of nearly $0.20 in the five hours after a Delaware federal court jury convicted his son on June 11, CoinGecko data shows.

Around the same time, the Hunter Boden (HUNTBODEN) token jumped 116% to a daily high $0.0022 — a fraction of a cent — while the First Lady-themed Jill Boden (JILLBODEN) sharply dipped 9%, according to CoinGecko.

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Redemption arcs of 2024: Ripple’s victory, memecoins’ rise, RWA growth