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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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