How Are MAGA, BODEN, DJT Meme Coins Performing Today?
Highlights
- Donald Trump and President Joe Biden made headlines with their latest debate session.
- While Trump recieved praise, Biden faced the heart from public, especially crypto industry participants.
- Meme coins inspired by Trump and Biden were also impacted significantly.
President Joe Biden and Donald Trump recently engaged in a heated rather “ridiculous” debate. Moreover, Biden received massive backlash while Trump’s election odds surged to 63% Hence, today, the spotlight is on three politically charged meme coins: MAGA (TRUMP), TrumpCoin (DJT), and Jeo Boden (BODEN).
MAGA (TRUMP) Meme Coin Performance
The MAGA coin, inspired by former President Trump, is currently priced at $8.07, experiencing a 10.06% decline in the past 24 hours. However, despite the downturn, its 24-hour trading volume stands robust at $24.46 million. Whilst, it boasts #211 on CoinMarketCap with a market capitalization of $355.03 million.
Moreover, with a circulating supply of 43.99 million TRUMP coins, the meme coin has seen significant volatility. Previously, the TRUMP token reached a high of $17.52. Since then, MAGA has plummeted by 54%, reflecting the inherent volatility of the crypto market.
The Solana meme coin’s rise was closely tied to Trump’s campaign activities and the increasing odds of his 2024 presidential run. However, today’s dip suggests that the coin struggles to maintain momentum even as Trump’s odds of winning rise to 63%.
Also Read: Donald Trump’s Odds Of Winning Surges To 63%, Musk Says “Memes” Clear Winner
TrumpCoin (DJT) Price Today
TrumpCoin (DJT) is another Solana meme coin in the political crypto arena. Priced at $0.010928, TrumpCoin has seen a minor decline of 0.26% over the last 24 hours, with a trading volume of $10.52 million USD. As the coin was launched recently, it ranks lower at #2565 on CoinMarketCap and lacks a reported market capitalization.
The total supply of DJT coins is capped at 10 billion, though the circulating supply remains undisclosed. During launch, it was branded as an official Trump coin. However, Trump never admitted to these claims. Moreover, a massive controversy surrounds the coin, particularly after Martin Shkreli, a notorious figure in the crypto world, alleged he collaborated with Barron Trump to launch it.
Shkreli’s claims were met with skepticism and backlash. Furthermore, the community highlighted insider trading accusations linked to Shkreli and his associates. These claims significantly affected the DJT meme coin price.
Jeo Boden (BODEN) Coin Plummets 46%
Jeo Boden (BODEN), President Joe Biden, is another entrant in the political meme coin market. Currently priced at $0.073805, BODEN has suffered a sharp decline of 46.88% in the past 24 hours. Its trading volume stayed relatively high at $36.07 million but experienced a massive plunge.
BODEN’s recent plunge follows contentious remarks made by Biden in a debate against Trump, causing a significant market reaction. Unlike its counterparts, BODEN’s performance appears more directly influenced by the political climate and public perception of Biden’s actions and statements.
Also Read: Kraken Co-Founder Donates $1M In ETH To Donald Trump
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