PolitiFi memecoins tank amid Trump vs Biden presidential debate

The Jeo Boden memecoin was hardest hit, falling over 53% from its 24-hour high during presidential debate night.

Memecoins inspired by United States President Joe Biden and candidate Donald Trump tanked up to 53% as the pair battled it out during the first of two live presidential debates.

The Make America Great Again-themed TRUMP token started to fall around 20 minutes before the debate kicked off on June 27, 9pm ET, falling 24.6% to $7.23 at current prices, CoinGecko data shows.

The Jeo Boden (BODEN) was hit even harder, falling over 53% from its June 27 high of $0.17 to $0.08 shortly after the debate. It has made a partial recovery to $0.091.

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