Biden, Trump meme coins are on wildly different trajectories

3 Min Read

A meme coin parodying President Joe Biden is up nearly 271% during the last 30 days. In the meantime, digital belongings tied to former President Donald Trump — scheduled to look in felony courtroom Monday, April 15 — are plummeting in worth.

Gross sales volumes for non-fungible tokens (NFTs) on Ethereum hit $536 million within the final 30 days, in response to information aggregator CryptoSlam.

Nevertheless, curiosity within the Trump NFTs appears to have waned because the twice-impeached GOP candidate faces a felony trial in New York for allegedly falsifying enterprise data.

Drastic drop

Buying and selling volumes for Trump’s official NFT assortment plummeted in worth greater than 99% within the final 30 days.

Based on data from on-line NFT market OpenSea, the buying and selling quantity of the 45,000 Trump Digital Buying and selling Playing cards — that includes photoshopped photographs of the quadruple-indicted Republican — has dropped drastically within the final 30 days.

The NFTs, which offered for $99 a bit when launched in December 2022, haven’t recorded any buying and selling exercise previously week.

NFTs aren’t the one Trump-themed digital belongings which can be floundering.

A meme coin impressed by his slogan, “Make America Nice Once more,” misplaced greater than 4% of its worth within the final 24 hours.

Biden, Trump meme coins are on wildly different trajectories - 1
MAGA worth chart | Supply: CoinGecko

MAGA was additionally within the pink within the seven-day and 30-day timeframes. Based on information from CoinGecko, the joke token’s worth has nosedived by practically 25% within the final 30 days and about 21% over seven days.

Nevertheless, it had a constructive worth distinction over 14 days, registering an almost 18% development in worth in that interval. 

In the meantime, the dad or mum firm of Trump’s conservative-leaning social media community — Trump Media & Know-how Group Corp. — noticed its shares lose roughly $4.5 billion in market worth since going public on March 26.

‘Boden’ will get a lift

Whereas the MAGA coin has been slipping, one other meme coin — one which parodies President Joe Biden — has been making important beneficial properties.

Per information from CoinGecko, the so-called Jeo Boden (BODEN) coin is up 24.4% within the final 24 hours and is presently buying and selling at $0.6792. 

Biden, Trump meme coins are on wildly different trajectories - 2
BODEN worth chart | Supply: CoinGecko

The coin’s worth can also be up practically 63% over two weeks and nearly 271% during the last 30 days.

BODEN presently has a market cap of $475,326,682 and registered a buying and selling quantity of $25,247,510 within the earlier 24 hours.

It’s not affiliated with the White Home or the Biden marketing campaign.

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