## How Did Joe Biden and Donald Trump’s Crypto Tokens Perform During the US Presidential Debate?
### NOIDA (CoinChapter.com)
The cryptocurrency market often reacts to various external factors, including political events such as the US Elections or presidential debates. On June 27, the debate between Joe Biden and Donald Trump had a noticeable impact on Solana-based memecoins themed around the two candidates.
Tokens like Jeo Boden (BODEN) and Doland Tremp (TREMP), which have no official endorsement from either Biden or Trump, drew speculative interest. Former President Donald Trump has positioned himself as a pro-crypto candidate, gaining support from the crypto community.
### Biden-Themed Tokens’ Performance During the Debate
During the debate, Biden-themed tokens experienced substantial declines, likely mirroring voters’ and investors’ reactions to President Joe Biden’s debate performance.
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**Boden Price Action Over the Last 24 Hours. Source: CoinGecko**
The Jeo Boden (BODEN) token, a reference to a misspelling of Biden’s name, saw a sharp decline of over 53%, dropping from about $0.17 to $0.08 since the debate started at 2100 hrs (Eastern Time).
Similarly, the Hunter Boden (HUNTBODEN) token, named after Biden’s son, plummeted by 50%, falling from $0.006 to $0.003. Additionally, the Jill Boden (JILLBODEN) token declined by 10% during the debate, dropping to $0.000103. The JILLBODEN token continued its decline, falling 91% to a daily low near $0.000099 over the past 24 hours.
These drops indicate the market’s reaction to President Biden’s performance, which was perceived as weak and lacking energy. Biden had trouble maintaining a coherent narrative on some policy points, and his delivery sometimes lacked the clarity and vigor needed to make a strong impression, contributing to the tokens’ decline.
### Trump-Themed Tokens’ Performance During the Debate
Trump-themed memecoins also declined during the debate. The Doland Tremp (TREMP) token fell by 37%, dropping from $0.9 to $0.53 before slightly rebounding to $0.71.
Additionally, the MAGA (TRUMP) token on the Ethereum blockchain saw a 20% decline.
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**Trumpie Price Action Over the Last 24 Hours. Source: CoinGecko**
Another Trump-themed Solana-based token, Trumpie, dropped 53% over the last 24 hours.
The market’s overall negative reaction to the debate affected tokens associated with both candidates. Trump’s several misleading claims during the debate, such as the Paris Accord costing China nothing and the January 6 attack on the US Capitol being relatively minor, might have contributed to the tokens’ decline.
These declines highlight the sensitivity of memecoins to political events and public sentiment. For instance, there are over 100 Trump-themed tokens on CoinMarketCap, illustrating how the crypto sector often creates new tokens to celebrate every event.
Based on the crypto token reactions, the debate between Joe Biden and Donald Trump appeared to have been a draw.
