Joe Biden’s son was found at fault: These memecoins are on the move!

Joe Biden and Donald TrumpPolitical Finance (one of the new movements shaped around Politics), was mobilized after Hunter Biden was found at fault.

According to CoinGecko, the market price of memecoins in the Political Finance category has dropped by over 13 percent in the last 24 hours. During this period, Bitcoin (BTC) lost approximately 4 percent in value, while Ether (ETH) decreased by 5.4 percent.

Political memecoins saw sharp price movements

Hunter Biden, son of incumbent US President Joe Biden, was found at fault on FreeTrump ( TRUMP ) has led to a 45 percent drop in the last 24 hours. The largest PolitiFi coin in terms of market capitalization is MAGA ( TRUMP ) fell by 13 percent. These tokens have no official contact with any political figure.

Hunter Biden was found at fault, the memecoin bearing his name rose

With the guilty verdict announced on June 12, Solana-based Hunter Boden ( HUNTERBODEN ) gained attention by increasing by more than 30 percent in the last 24 hours to $0.001514. Jeo Boden, one of the most well-known mecoins of 2024 ( BODEN), falling 5.5 percent to $0.1855.

The Joe Biden-Donald Trump conflict, which has become increasingly heated as the US elections approach, has particularly benefited the memecoin trend. Developments regarding political figures that bring a new breath to the Memecoin category can simply activate memecoins in this field. However, memecoin hunters should be careful in this process. Volatility may increase in memecoins due to both the course of the market and its nature.