Donald Trump

Biden

Joe Biden

Presidential Debate

The first presidential debate between President Joe Biden and his would-be successor Donald Trump failed to mention crypto, triggering a <a href="https://www.coingecko.com/en/categories/politifi" rel="noopener noreferrer nofollow">6% plunge</a> in political meme coins over the past 24 hours.
The absence of discussion around crypto was a disappointment to investors after digital lobbyists had raised millions of dollars to contribute to election campaigns, and after Trump had turn pro-crypto and the Biden administration began softening its hardline stance against the industry.&nbsp;
Multiple crypto-oriented super Political Action Committees (PACs) have raised around $202.8 million from key industry players. Meanwhile, $93.6 million has already been spent by these PACs to influence the elections. Despite this, the crypto space received no mention during the 90 minute debate.
<h2 id="span-style-font-weight-400-trump-linked-politifi-tokens-among-the-biggest-losers-after-presidential-debate-span">Trump-Linked PolitiFi Tokens Among The Biggest Losers After Presidential Debate</h2>
The collective market cap of so-called PolitiFi tokens stood at just over $1.144 billion as of 3:35 a.m. EST as Trump Mania (TMANIA), Hunter Boden (HUNTBODEN) and Jeo Boden (BODEN) all suffered losses exceeding 30%.
<img decoding="async" class="alignnone wp-image-541099" src="https://insidebitcoins.com/wp-content/uploads/2024/06/Screenshot-2024-06-28-093550-300x137.png" alt="political meme coins" width="714" height="326" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/Screenshot-2024-06-28-093550-300x137.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/Screenshot-2024-06-28-093550-768x350.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/06/Screenshot-2024-06-28-093550.png 938w" sizes="(max-width: 714px) 100vw, 714px">
Biggest political meme coin losers (Source: <a href="https://www.coingecko.com/en/categories/politifi" rel="noopener noreferrer nofollow">CoinGecko</a>)
TMANIA was the biggest loser, registering a loss of more than 40%. <a href="https://insidebitcoins.com/news/super-trump-price-prediction-strump-plunges-19-as-trump-and-biden-snub-crypto-in-debate-and-this-new-ico-races-towards-7m" rel="noopener noreferrer nofollow">Super Trump</a> (STRUMP) and BABYTRUMP (BABYTRUMP) joined the top 5 biggest losers list as well
<img decoding="async" src="https://e3.365dm.com/24/06/1600x900/skynews-donald-trump-campaign_6587003.jpg?20240621071406" alt="Donald Trump raised £44m more than Joe Biden's campaign in May - and he's now turning to crypto | US News | Sky News">
<h2 id="span-style-font-weight-400-polls-show-voters-are-not-too-concerned-with-crypto-span">Polls Show Voters Are Not Too Concerned With Crypto</h2>
Gallup <a href="https://news.gallup.com/poll/1675/most-important-problem.aspx" rel="noopener noreferrer nofollow">polls</a> from May show that voters aren’t too concerned about crypto. The US economy in general, high living costs, the federal budget deficit, unemployment and the gap between the rich and the poor were the biggest economic problems that voters are focusing on, according to the polls.
Although voters seem to prioritize other economic issues above crypto, several industry players still believe that digital assets could be a major factor in the outcome of this election.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 If <a href="https://twitter.com/JoeBiden?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@joebiden</a> loses, there is a good chance you will be able to thank <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@GaryGensler</a> and the <a href="https://twitter.com/NewYork_SEC?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@NewYork_SEC</a> Crypto is a mainstay with younger and independent voters. Gensler HAS NOT PROTECTED A SINGLE INVESTOR AGAINST FRAUD
 All he has done is make it nearly impossible for… <a href="https://t.co/uBKupxLhS9" rel="noopener noreferrer nofollow">https://t.co/uBKupxLhS9</a>
 — Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1789037772050702824?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 10, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Shark Tank billionaire <a href="https://insidebitcoins.com/news/mark-cuban-says-joe-biden-must-choose-between-gary-gensler-and-crypto-voters-to-beat-donald-trump" rel="noopener noreferrer nofollow">Mark Cuban</a> has warned Biden that his loyalty to the hardline Securities and Exchange Commission (SEC) Chair Gary Gensler could cost him the White House.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye/" rel="noopener noreferrer nofollow">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/sealana-poised-for-liftoff-airdrop-and-token-trading-to-begin-on-july-2" rel="noopener noreferrer nofollow">Sealana Poised For Liftoff: Airdrop And Token Trading To Begin On July 2</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/biaoqing-price-tumbles-18-as-traders-race-to-buy-this-solana-meme-coin-before-its-big-airdrop-and-listing" rel="noopener noreferrer nofollow">Biaoqing Price Tumbles 18% As Traders Race To Buy This Solana Meme Coin Before Its Big Airdrop And Listing</a></li>
</ul>

Political Meme Coins Plunge 6% As Donald Trump And Joe Biden Fail To Mention Crypto In First Presidential Debate

Table of Contents

Inside Bitcoins

Other articles published on Jun 28, 2024

MoonBag, Notcoin, Sealana: MoonBag Crypto Rocks as the Top Crypto Presale in 2024 with 88% APY

Bitcoin’s Price At Risk Of Falling To $50,000, Crypto Analyst Warns

Shiba Inu: 84% Drop in Key Metric Shocks Shibarium

US SEC Takes Major Blow In Chevron Howey Test Case, Implication For Crypto

5 Cryptos Expected to Outperform Ethereum This Summer

Chart of the Week: Is BONK about to skyrocket?

Join our free newsletter for daily crypto updates!