Boden Memecoin Experiences a Decline Following President Biden’s Lackluster Debate Performance
In a recent turn of events, the Boden Memecoin, a joke cryptocurrency inspired by Joe Biden, faced a significant drop in value after the incumbent president’s underwhelming debate performance against Donald Trump. The first presidential debate of the election cycle, held on Thursday, left many questioning Biden’s abilities.
After the debate concluded, the Jeo Boden (BODEN) coin took a nosedive, plummeting over 32% and stabilizing at around $.08, according to data from CoinGecko. Observers noted Biden’s lackluster delivery during the debate, characterized by rushed statements, fragmented speech, and occasional incoherence, possibly due to battling a cold.
The subdued nature of Biden’s performance failed to meet expectations, with some pointing out that he initiated the debate challenge with Trump—a decision that now seems strategically unwise in hindsight. Interestingly, amid Biden’s struggles, the Boden token, known for satirizing Biden’s actions and the 2024 presidential election, saw a decline as investors reacted to the debate outcome.
On the other side of the spectrum, a meme coin inspired by Donald Trump (TREMP) also experienced a decline of 13.7%, trading at approximately $.60 following the debate. Despite Biden’s attempts to regain momentum as the debate progressed, concerns regarding his age and fitness for office linger among voters, especially after his responses on critical issues like the war in Gaza and national debt raised eyebrows.
While Trump capitalized on Biden’s weak performance by maintaining composure and subtly criticizing the president, questions remain unanswered, and uncertainties loom over both candidates’ official nominations. As the political landscape continues to unfold, the aftermath of this debate is expected to spark internal deliberations within the Democratic Party regarding Biden’s viability as their nominee.
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