Jeo Boden

2024

Doland Tremp

TRUMP’S HAT

The 2024 United States Presidential election has ignited a surge of memecoins associated with candidates from both sides of the political spectrum.
Crypto enthusiasts have been quick to follow the memecoin race, which features notable figures such as former Democratic nominees Joe Biden and Kamala Harris, Republican nominee Donald Trump, and even his iconic red "Make America Great Again" (MAGA) hat.
Let’s take a look at some of the trending coins and how they’ve been faring in light of the latest election news.
<h2 id="runs-in-the-family">Runs in the family</h2>
The sitting US president Joe Biden, has a whole host of memecoins not only related to him, but<a href="https://cointelegraph.com/news/biden-memecoins-tank-as-joe-bidens-drops-out-presidential-race" rel="noopener noreferrer nofollow"> members of his family</a> as well.&nbsp;
On July 21, Biden's announcement that he was <a href="https://cointelegraph.com/news/joe-biden-withdraws-united-states-presidential-race" rel="noopener noreferrer nofollow">stepping down as the Democratic party nominee</a> and withdrawing from the 2024 election sent the memecoin ecosystem associated with his persona into a frenzy.
Reports revealed that the news <a href="https://cointelegraph.com/news/joe-biden-presidential-drop-out-wiped-67-million-crypto-long-positions" rel="noopener noreferrer nofollow">liquidated nearly $67 million</a> of leveraged long positions from the crypto market within half an hour of the announcement, along with a small dip in the price of Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>).
Additional reports revealed that Joe Biden-related coins have <a href="https://cointelegraph.com/news/biden-memecoins-tank-as-joe-bidens-drops-out-presidential-race" rel="noopener noreferrer nofollow">dropped at least 60%</a> in value in light of the news.
The Joe Biden-inspired memecoin Jeo Boden (BODEN) fell by 62% within the first two hours after the announcement of his stepping down.
<blockquote class="twitter-tweet">
 <a href="https://t.co/KVNP8DIn4J" rel="noopener noreferrer nofollow">pic.twitter.com/KVNP8DIn4J</a>— rekt 熊 (@rekt_tekashi) <a href="https://twitter.com/rekt_tekashi/status/1815093529519014134?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2024</a>
</blockquote>
CoinMarketCap shows that Hunter Biden’s Laptop (LAPTOP) is down nearly 45% from the previous day and the Jill Boden token (JILLBODEN) is <a href="https://coinmarketcap.com/dexscan/solana/7iVyhkXFtHrGX9rYP2qa7G2wjSVmyZyefLzz3HMuALAD/" target="_blank" rel="noopener noreferrer nofollow">down</a> by 82.54%, at the time of writing.&nbsp;
Related: <a href="https://cointelegraph.com/news/gary-gensler-resign-2025-biden-exit-white-house-10x-research" rel="noopener noreferrer nofollow">Gary Gensler will likely resign in 2025 after Biden exit — 10x Research</a>
<h2 id="madam-vice-president">Madam Vice President</h2>
While Biden-related tokens have been tanking, those related to<a href="https://cointelegraph.com/news/what-we-know-about-kamala-harris-views-on-crypto" rel="noopener noreferrer nofollow"> the Vice President, Kamala Harris</a>, have seen the opposite reaction to the news.
The Kamala Horris (KAMA) token surged dramatically due to speculation that Harris might replace Biden as the new Democratic nominee.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-07/52374a1f-fe72-4a9a-91df-9b4816403ced.png" alt="Memecoin frenzy intensifies as US election nears" title="">
 <figcaption style="text-align: center;">Source: <a href="https://x.com/ParrotCapital/status/1815109035345215825" target="_blank" rel="noopener noreferrer nofollow">Parrot Capital</a>
 </figcaption>
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At the time of writing KAMA is up 62% compared to the previous day prior to the news, <a href="https://dexscreener.com/solana/jc9hsjtyjltxqqryhzt642lbncfpbofzbabrhgwv4nr" target="_blank" rel="noopener noreferrer nofollow">according</a> to DEXScreener.&nbsp;
<figure><img src="https://s3.cointelegraph.com/uploads/2024-07/a47161eb-eb3d-451d-8fd1-f48ce7b4cd47.jpeg" alt="Memecoin frenzy intensifies as US election nears" title="">
 <figcaption style="text-align: center;">Source:&nbsp;<a href="https://x.com/KamalaHarrisSOL/status/1815227338092622238" target="_blank" rel="noopener noreferrer nofollow">Kamala on Solana</a>
 </figcaption>
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While not contenders for the current election season, other Democratic personalities have their own <a href="https://x.com/KamalaHarrisSOL/status/1815227338092622238" target="_blank" rel="noopener noreferrer nofollow">tokens</a> including, Obama’s OBEMA, the governor of the state of Michigan GRETCH, and California governor Gavin Newsom NOOSUM.
<h2 id="maga-tremp-trump">MAGA, TREMP, TRUMP</h2>
Of course, the political memecoin arena wouldn’t be complete without the slew of tokens related to Trump. MAGA (TRUMP), is <a href="https://cointelegraph.com/news/maga-memecoin-trump-pump-bitcoin-2024-conference" rel="noopener noreferrer nofollow">the leading Trump-themed memecoin</a> in terms of market capitalization.&nbsp;
TRUMP has been fluctuating in relation to many recent events, particularly massive gains <a href="https://cointelegraph.com/news/donald-trump-memecoin-price-soars-following-assassination-attempt" rel="noopener noreferrer nofollow">following the assassination attempt</a> on the former US president on July 13. Market speculators are anticipating movement tied to Trump’s appearance at the upcoming Bitcoin Conference in Nashville, Tennessee on July 27.
<figure><img src="https://s3.cointelegraph.com/uploads/2024-07/70337256-32f9-4815-97f7-4f2dc4788b45.png" alt="Memecoin frenzy intensifies as US election nears">
 <figcaption style="text-align: center;">Source: <a href="https://x.com/dolandtremp_sol/status/1812255251002720357/photo/1" target="_blank" rel="noopener noreferrer nofollow">Doland Tremp</a><a href="https://x.com/dolandtremp_sol" target="_blank" rel="noopener noreferrer nofollow"></a>
 </figcaption>
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Another Trump-related token representing the iconic Trump MAGA hat, appropriately titled TRUMP’S HAT (MAGA) and in similar style to the (BODEN) token, there is also the Doland Tremp memecoin (TREMP).
Both tokens saw small price hikes at the announcement of Biden’s resignation from the election race, according to <a href="https://coinmarketcap.com/currencies/trumps-hat/" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap.
<blockquote class="twitter-tweet">
 BIDEN JUST DROPPED OUT OF ELECTIONS The <a href="https://twitter.com/hashtag/MAGA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MAGA</a> movement is now stronger than ever! ❤️ Pack your bags frens! <a href="https://twitter.com/search?q=%24MAGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MAGA</a> <a href="https://t.co/gNEMA1PoNJ" rel="noopener noreferrer nofollow">pic.twitter.com/gNEMA1PoNJ</a>— MAGA Crypto (@MagaHAT_ETH) <a href="https://twitter.com/MagaHAT_ETH/status/1815107536779190693?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2024</a>
</blockquote>
While Biden’s announcement did “shock” the market, <a href="https://cointelegraph.com/news/what-joe-biden-withdrawal-means-crypto-bull-run" rel="noopener noreferrer nofollow">some analysts speculate</a> that his withdrawal could benefit the overall crypto market.&nbsp;
Magazine: <a href="https://cointelegraph.com/magazine/crypto-sec-turbo-toad-phishing-attack-and-evolve-data-breach/" rel="noopener noreferrer nofollow">Crypto-Sec: Evolve Bank suffers data breach, Turbo Toad enthusiast loses $3.6K</a>

Memecoin frenzy intensifies as US election nears

目錄

Cointelegraph

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