Meme coins inspired by potential replacements for Joe Biden as the Democratic presidential candidate have surged in the last 24 hours following an announcement that Biden had contracted Covid-19. In contrast, meme coins inspired by former US president Donald Trump have plummeted in the past day.
Biden said “I may step down”, while these meme coins skyrocketed, these fell!
As you have been following on Kriptokoin.com, the crypto market is closely watching the US elections. Investors in meme coins, especially in the PolitiFi category, are paying particular attention to news about politicians. After incumbent US president Joe Biden said he would withdraw from the 2024 race if diagnosed with a medical condition, it was announced on Wednesday that he tested positive for Covid-19. Polymarket currently estimates the chances of Biden withdrawing from the race after his diagnosis at 63%. In the past 24 hours, meme coins inspired by potential Biden successors such as Gabin Noosum (NOOSUM) and Kamala Horris (KAMA) have rallied by 209% and over 100% respectively.
In contrast to the rise of Biden successor meme coins, meme coins in the PolitiFi category inspired by Donald Trump have declined. According to Coingecko data, MAGA (TRUMP) Doland Tremp (TREMP) has lost over 10% and 15% in the past day, respectively. In addition, Joe Biden-inspired Jeo Boden (BODEN) fell over 23%.
Joe Biden caught Covid-19
US President Joe Biden is facing new scrutiny over his candidacy in the upcoming November elections as his campaign activities are currently suspended due to his Covid-19 infection. In an announcement on Wednesday regarding his Covid-19 diagnosis, it was announced that the 81-year-old was experiencing only mild symptoms. According to White House press secretary Karine Jean-Pierre, the announcement stated that he would be quarantined at his Delaware residence “while he fulfills all his responsibilities in full.”
According to CNN, former Speaker of the House of Representatives Nancy Pelosi reportedly privately informed Biden that he could not defeat Donald Trump in the November elections. Biden’s re-election prospects were already shaky after his dismal debate performance against Donald Trump last month.
Trump prepares to launch his fourth NFT collection!
Former US President Donald Trump is planning to launch a fourth NFT collection following the success of his previous three collections, which sold out in one day. In an interview with Bloomberg Businessweek on Tuesday, Trump said people want a fourth, citing their “incredible spirit.” At a gala for NFT owners at Mar-a-Lago in May, Trump hinted at a fourth collection but made no commitments. He said he believed in supply and demand, given the success of other collections. But he also said market conditions could change.
Trump launched his first NFTs in December 2022 after launching “Trump digital trading cards”. These quickly sold out, and at the time he had amassed about 648 Ethereum (ETH) worth about $785,000. In an interview with Bloomberg Businessweek, Trump also discussed his evolving views on crypto. He mentioned that he had managed to connect with many influential people from the crypto industry at his fundraising events, referring to them as “high-level people”.
Follow us on Twitter, Facebook and Instagram, and join our Telegram and YouTube channelto stay up to date with breaking news !
