Biden's decision causes tough moves in political meme coins

Joe Biden's withdrawal from the presidential race created sharp price movements in political memecoins such as BODEN, TREMP, DONALD and KAMA.

Big two-way price movements were seen in political memecoins after Joe Biden announced his withdrawal from the presidential race at 20.46 tonight.

The token called BODEN, which is located on the Solana network and inspired by Biden, has fallen by more than 60 percent. However, Trump-themed meme coins TREMP and DONALD increased by 33 percent and 50 percent, respectively.

On the other hand, another Kamala Harris-themed meme coin, which Biden openly announced its support as a presidential candidate, also rose sharply. This meme coin, which is also in the Solana network and bears the name KAMA, rose by 180 percent in a few hours.

After his poor performance in the debate program against Trump last month, pressure on Biden to withdraw from the race had increased. Last week, it was suggested that some top democrats told Biden to withdraw from the race. Democrats will elect new presidential candidates at the Democratic Party National Congress, which will take place on August 19-22.

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