Krutika Adani
The celeb-inspired memecoin Jeo Boden has crashed 62% in a single day with a high trading volume of $11..26 million. Crashes with higher volumes tend to suffer permanent losses.
The crash came after Joe Biden, who was the inspiration for the memecoin, dropped out of the US Presidential race on 21 July 2024.
Top Democrats have supported Kamala Harris for the 2024 US elections against Republican candidate Donald Trump. Joe Biden, too, has endorsed Harris.
Kamala Harris inspired memecoin KAMA, which has touched an all-time high since Biden dropped out of the race.
Users of the top crypto betting platform say there is a 63% chance that Biden will complete his term. However, 64% of users are still confident that Donald Trump will win the elections.