Biden and Trumpthemed meme coins chart contrasting paths
A cryptocurrency spoofing President Joe Biden has surged nearly 271% over the past month. Conversely, digital assets linked to former President Donald Trump, set to appear in court on April 15, have sharply declined.
Non-fungible token (NFT) sales on Ethereum totaled $536 million in the last 30 days, according to CryptoSlam. However, interest in Trump’s NFTs has waned amid his legal challenges in New York for alleged business record falsification.
Trump’s official NFT collection has seen trading volumes plummet by over 99% in the past month, per data from OpenSea. The 45,000 Trump Digital Trading Cards, featuring doctored images of the GOP figure facing multiple indictments, have virtually ceased trading after launching at $99 each in December 2022.
Additionally, a meme coin themed around Trump’s “Make America Great Again” slogan has lost more than 4% in the last 24 hours, as shown in the MAGA price chart from CoinGecko. Over the past seven and 30 days, the token’s value has plummeted by nearly 21% and 25%, respectively, with a brief uptick of nearly 18% over 14 days.
In contrast, another meme coin parodying President Biden, known as “Jeo Boden” (BODEN), has seen significant gains. According to CoinGecko, BODEN surged by 24.4% in the last 24 hours, currently trading at $0.6792. Over two weeks, its value increased by nearly 63%, and over the past month, it skyrocketed by almost 271%. BODEN boasts a market cap of $475,326,682 and registered a trading volume of $25,247,510 in the previous 24 hours, despite having no affiliation with the White House or Biden’s campaign.
Meanwhile, Trump Media & Technology Group Corp., parent company of Trump’s conservative social media network, has seen its shares lose approximately $4.5 billion since its public listing on March 26.
The contrasting fortunes of these digital assets reflect the volatile and often whimsical nature of cryptocurrency markets.
