🔥Hot off the press!🔥 PoliFi meme tokens are feeling the heat as U.S. elections approach, with some down by a whopping 95%! 😱

Solana-based Jeo Boden (BODEN) meme coin, a quirky mix of Joe Biden and Doland Duck, has plummeted 70% in the past week. Ouch! This drop comes after Biden's "disastrous debate" performance. BODEN is now down 80% in the last 30 days, back to levels last seen in early March.

But it's not just Biden-themed tokens taking a hit. Trump-themed tokens are also down, despite Trump's electoral chances surging post-debate. TRUMP, the largest Trump PoliFi token, is down 10% on-day and 34% in the last week.

Meanwhile, YES side of a Polymarket contract asking if Biden will drop out of the race topped 60% by Wednesday afternoon Asia time.

As a result, most PoliFi memecoins are in the red, with the PoliFi sector contracting by 11% in the last 24 hours. However, trading volumes on the betting marketplace Polymarket have increased, suggesting that political bettors have moved over to the platform.

What's your take on this? Are you holding onto your PoliFi tokens or jumping ship? Let's chat in the comments! 💬 #PoliFi #CryptoNews