{"id":23852,"date":"2024-06-28T13:00:02","date_gmt":"2024-06-28T10:00:02","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23852"},"modified":"2024-06-28T10:43:47","modified_gmt":"2024-06-28T07:43:47","slug":"memecoins-inspired-by-biden-and-trump-plummet-during-first-presidential-debate","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/memecoins-inspired-by-biden-and-trump-plummet-during-first-presidential-debate\/","title":{"rendered":"Memecoins Inspired by Biden and Trump Plummet During First Presidential Debate"},"content":{"rendered":"<p>Inspired by United States President <strong>Joe Biden<\/strong> and contender <strong>Donald Trump<\/strong>, memecoins sank up to 53% as the duo fought it out during the first of two live presidential debates.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/memecoins-inspired-by-biden-and-trump-plummet-during-first-presidential-debate\/#Market_Reaction_to_Discussion\" title=\"Market Reaction to Discussion\">Market Reaction to Discussion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/memecoins-inspired-by-biden-and-trump-plummet-during-first-presidential-debate\/#Focus_of_Debate_Absence_of_Bitcoins\" title=\"Focus of Debate: Absence of Bitcoins\">Focus of Debate: Absence of Bitcoins<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Reaction_to_Discussion\"><\/span>Market Reaction to Discussion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Based on CoinGecko statistics, the Trump token with the Make America Great Again theme started to drop roughly 20 minutes before the June 27 debate started at 9 PM ET, declining 24.6% to $7.23. Hit even worse, the Joe Biden-themed <strong>Jeo Boden (BODEN)<\/strong> dropped almost 53% from its June 27 high of $0.17 to $0.08 soon after the discussion. It has lately just slightly rebounded to $0.091. Other Trump-inspired tokens, <strong>Super Trump (STRUMP)<\/strong> and <strong>BABYTrump (BABYTrump)<\/strong>, also had double-digit drops both during and after the discussion.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/dydx-project-review\/\"><em><span style=\"font-weight: 400;\">This Might Interest You: dYdX Project Review<\/span><\/em><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Focus_of_Debate_Absence_of_Bitcoins\"><\/span>Focus of Debate: Absence of Bitcoins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>During the conversation with <strong>Trump and Biden<\/strong>, they mentioned issues related to the economy, immigration, conflicts, and abortion most often. Indeed only one question was about bitcoin, and none of the candidates touched the topic of the bitcoin industry themselves or when asked by the moderators. This is so especially given that super political action groups funding the bitcoin sector have raised over $200 million aiming at financing the 2024 elections. During the 90-minute discussion, <strong>Bitcoin<\/strong> climbed 1.1% while political-themed memecoins fell.<\/p>\n<p>PredictIt&#8217;s data from a prediction markets platform revealed Biden&#8217;s chances dropped as Trump&#8217;s chances of winning the president grew. Throughout the discussion, Biden stammered through certain responses and neglected to complete other statements, according to observers. While Biden&#8217;s dropped drastically from $0.48 to $0.37 in the same period, Trump&#8217;s chances on PredictIt rose from $0.53 to $0.63.<\/p>\n<p><em><a href=\"https:\/\/t.me\/coinengineernews\"><span style=\"font-weight: 400;\">Click here to get the latest news from Coin Engineer!<\/span><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inspired by United States President Joe Biden and contender Donald Trump, memecoins sank up to 53% as the duo fought it out during the first of two live presidential debates. Market Reaction to Discussion Based on CoinGecko statistics, the Trump token with the Make America Great Again theme started to drop roughly 20 minutes before<\/p>\n","protected":false},"author":6,"featured_media":23858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[7067,6882,7066],"class_list":["post-23852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-babytrump-babytrump","tag-jeo-boden-boden","tag-super-trump-strump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Memecoins Inspired by Biden and Trump Plummet During First Presidential Debate - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/memecoins-inspired-by-biden-and-trump-plummet-during-first-presidential-debate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Memecoins Inspired by Biden and Trump Plummet During First Presidential Debate - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Inspired by United States President Joe Biden and contender Donald Trump, memecoins sank up to 53% as the duo fought it out during the first of two live presidential debates. 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