As President Joe Biden and former President Donald Trump engaged in a historic televised debate, politically-themed memecoins experienced price fluctuations. The market for these tokens, now valued at $1.3 billion according to Coingecko’s PolitiFi category data , has dropped by 7.5% in the last day. Furthermore, several prominent candidate-inspired memecoins saw significant declines during the debate. On Ethereum (ETH), MAGA (TRUMP) fell 6.4% and MAGA Hat (MAGA) dropped 10.8% in an hour. Solana-based (SOL) tokens Jeo Boden (BODEN) and Doland Tremp (TREMP) decreased by 26% and 9.4% respectively, while Ethereum’s Super Trump (STRUMP) declined 1.8%. Over the last 24 hours, MAGA is 11.1% down, BODEN nearly 46%, TREMP 12.3% and STRUMP 19.4%. According to The Block , Memepad founder Max Jones suggests these tokens may serve as informal popularity indicators for candidates as the election campaign intensifies. He noted their volatility is linked to both political hype and broader market t
The inaugural general debate for the 2024 U.S. presidential election, held Thursday in Atlanta, Georgia, did not address cryptocurrency issues, disappointing industry observers. CNN anchors Jake Tapper and Dana Bash moderated the 90-minute face-off between incumbent President Joe Biden and former President Donald Trump. While the debate covered various topics including the economy, abortion, immigration, and foreign policy, it barely touched on technology policy and completely overlooked digital assets. As pointed out in a CoinDesk report , this omission came despite crypto’s recent prominence in campaign discussions, particularly following Trump’s statements about regulation and his promise to commute Ross Ulbricht’s sentence. The Biden campaign has remained largely silent on crypto matters, though his administration recently expressed interest in collaborating with Congress on crypto legislation. Economics not a focus The debate’s economic segment was brief, with questions focus