
Meme Coins Surge as Biden Tests Positive for COVID-19
Polymarket estimates a 63% probability that Biden may withdraw from the race due to his health condition.
1H
0.45%$0.0000
24H
-3.50%$0.0001
7D
-12.9%$0.0003
30D
-18.5%$0.0004
Polymarket estimates a 63% probability that Biden may withdraw from the race due to his health condition.
Following the debate between Trump and Biden, PoliFi tokens, including Biden-theme cryptocurrency Jeo Boden (BODEN), turned volatile.
Financial experts have often pointed out that meme coins, cryptocurrencies inspired by internet memes, do not serve a useful purpose and rely heavily on social media trends to gain popularity. The recent price swings involving BODEN support this criticism.
Kang stated that investing in meme coins isn’t fundamentally different from investing in conventional assets that yield substantial returns.
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