Biden, #trump #Memecoins🤑🤑 are on wildly different trajectories
A meme coin poking fun at President Joe Biden has seen a staggering surge of nearly 271% in the past 30 days. Conversely, digital assets associated with former President Donald Trump, who is due to appear in criminal court on Monday, April 15, are experiencing a sharp decline in value.
Over the last month, sales volumes for non-fungible tokens (#NFTs ) on Ethereum have reached $536 million, as reported by data aggregator CryptoSlam.
However, interest in NFTs related to Trump has dwindled amid his impending criminal trial in New York for alleged business record falsification. Trading volumes for Trump's official NFT collection have plummeted by over 99% in the past month.
The 45,000 Trump Digital Trading Cards, featuring digitally altered images of the twice-impeached Republican, originally priced at $99 each, have seen no trading activity in the past week.
Furthermore, other Trump-themed #digitalassets are also struggling. A meme coin inspired by his slogan, "Make America Great Again" (MAGA), has experienced a decline of over 4% in the last 24 hours.
MAGA's performance over seven days and 30 days has also been negative, with a price drop of nearly 25% and about 21%, respectively. However, the coin did show a positive price change over a 14-day period, with almost an 18% increase in value during that time.
Meanwhile, the parent company of Trump's conservative-leaning social media network, Trump Media & Technology Group Corp., has witnessed a market value loss of approximately $4.5 billion since its public listing on March 26.
In contrast, another meme coin parodying President Joe Biden, dubbed "Jeo Boden" (BODEN), has seen significant gains. BODEN has surged by 24.4% in the last 24 hours and is currently trading at $0.6792, according to data from CoinGecko.
Source - crypto.news
