Changes in the PolitiFi sector as Biden withdraws from the election: BODEN plummets and Kamali Token (KAMA) surges

This site (120bTC.coM): As President Biden announced his withdrawal from the 2024 U.S. election, Biden-related Meme tokens immediately collapsed by more than 60%, losing more than 10 million US dollars in market value in a single day. As the current Vice President Kamala Harris becomes more and more popular to replace Biden as the Democratic presidential candidate, the price of related tokens and the winning rate on Polymarket have doubled again.

The Biden Meme sector plummeted by more than 60%

Coingecko data shows that after Biden announced his withdrawal from the presidential campaign, all Meme coins related to him plummeted by more than 60% within 24 hours.

As of the time of writing, BODEN tokens alluding to Biden have plummeted 61.6%, his wife Jill Biden’s JILLBODEN tokens have plummeted 75.7%, and his son Hunter Biden’s LAPTOP tokens have also fallen 61%.

In addition, BODEN’s market value also evaporated by US$11.36 million to US$6.19 million in a few hours, while the market values ​​of JILLBODEN and LAPTOP were only left with US$18,000 and US$70,000.

The price of Kamala Harris token (KAMA) doubled again

At the same time, the Meme coin KAMA related to the current Vice President of the United States Kamala Harris (Kamala Harris) rose by 133% in a few hours. The reason behind it is widely believed to be her. As an alternative to Biden, he may become a Democratic presidential candidate.

As of the deadline, KAMA has fallen by 24.3% since the 24-hour high, but it still has an astonishing increase of 80.6% during the day.

The crypto community is generally optimistic that Jinli Harris will run on behalf of the Democratic Party

On the other hand, judging from the poll on the prediction market Polymarket, Jinli Harris is also optimistic about becoming Biden's replacement, with a probability of as high as 84%.

In addition, the approval ratings of former US first lady Michelle Obama and Hillary Clinton were as low as 7% and 2% respectively.

At the same time, as Harris Harris’s voice for running becomes louder, Trump’s winning rate in the US election has dropped to 64%, while Harris’s victory rate has also increased from 23% two days ago to 30%.

A user lost US$2 million on Polymarket

However, cruelly, after Biden announced his withdrawal from the election, a Polymarket user who was extremely optimistic about Biden ended up losing nearly US$2 million.

It is reported that a trader named "Anon Biden Bull" bet on the platform that Biden will win the Democratic presidential nomination, win the national popular vote and the 2024 US election. Now the value of the three positions has been lost Close to zero, with a loss of US$1.991 million.

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