Biden, Trump meme coins are on divergent paths
A meme coin that parodies President Joe Biden has experienced significant growth, with a nearly 271% increase in value over the last 30 days. Meanwhile, digital assets tied to former President Donald Trump are plummeting in value as he faces a criminal trial.
The trading volume for Trump’s official NFT collection has dropped over 99% in the last month. The NFTs, featuring photoshopped images of the embattled Republican, have not seen any trading activity in recent weeks. Similarly, a meme coin inspired by Trump’s slogan, “Make America Great Again,” has lost over 4% of its value in the past 24 hours, with declining prices over seven and 30-day periods.
Meanwhile, a meme coin parodying President Biden, known as Jeo Boden (BODEN), has experienced significant gains. The coin is up 24.4% in the last 24 hours and has seen a nearly 271% increase in value over the last month. It currently has a market cap of $475,326,682.
It is evident that these meme coins are on wildly different trajectories, with Biden-inspired assets flourishing while Trump-related assets face decline.