According to Odaily, following the conviction of US President Biden's son, Hunter Biden, on three federal gun charges, Solana-based meme coins themed around Biden briefly surged before falling again. CoinGecko data revealed that within five hours of the federal jury in Delaware finding Hunter Biden guilty on June 11, Jeo Boden (BODEN) rose by 26%, reaching a 24-hour high of nearly $0.20. Around the same time, Hunter Boden (HUNTBODEN) increased by 116% to a daily high of $0.0022, while Jill Boden (JILLBODEN), themed around the First Lady, fell by 9%.
However, the upward trend did not last, with BODEN and HUNTBODEN falling by 6% and nearly 54% respectively within the past 24 hours, and JILLBODEN dropping by 14.7%. The current market value of the PolitiFi sector has slid to $1.57 billion, with a 24-hour drop of 9%.