Date: Mon, July 22, 2024, 03:51 AM GMT
Today, the cryptocurrency market witnessed significant movements influenced by political events. The BODEN memecoin, themed around Joe Biden, suffered a severe crash following Biden’s announcement of his exit from the presidential race. Within just four hours, BODEN’s value plummeted by 60%, leaving its current market capitalization at $6.4 million.
On the flip side, the announcement had a positive impact on the Kamala Harris-themed memecoin, KAMA. As Kamala Harris stepped into the presidential race against Donald Trump, KAMA surged by an impressive 86% in the past 24 hours, reaching a value of $0.197.
The dramatic drop in BODEN highlights the high risk associated with political-themed memecoins, where a single statement can significantly affect investors’ holdings.
Readers are advised to exercise caution and thoroughly research before investing in such volatile assets.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice.