Yahya 
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 the June 27 debate started at 9 PM ET, declining 24.6% to $7.23. Hit even worse, the Joe Biden-themed Jeo Boden (BODEN) 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, Super Trump (STRUMP) and BABYTrump (BABYTrump), also had double-digit drops both during and after the discussion.
This Might Interest You: dYdX Project Review
Focus of Debate: Absence of Bitcoins
During the conversation with Trump and Biden, 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, Bitcoin climbed 1.1% while political-themed memecoins fell.
PredictIt’s data from a prediction markets platform revealed Biden’s chances dropped as Trump’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’s dropped drastically from $0.48 to $0.37 in the same period, Trump’s chances on PredictIt rose from $0.53 to $0.63.
Click here to get the latest news from Coin Engineer!