BODEN memecoins briefly spike after Hunter Biden guilty verdit

Jesse Coghlan8 hours agoBODEN memecoins briefly spike after Hunter Biden guilty verditMisspelled memecoins referencing the U.S. first family surged after President Biden’s son was convicted of lying about being a drug user when buying a revolver.1876 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksBiden-themed Solana memecoins briefly surged then fell again after United States President Joe Biden’s son, Hunter Biden, was found guilty on three charges in a federal gun case.

Jeo Boden (BODEN) — a deliberately misspelled token in reference to the president — jumped 26% to a 24-hour high of nearly $0.20 in the five hours after a Delaware federal court jury convicted his son on June 11, CoinGecko data shows.

Around the same time, the Hunter Boden (HUNTBODEN) token jumped 116% to a daily high $0.0022 — a fraction of a cent — while the First Lady-themed Jill Boden (JILLBODEN) sharply dipped 9%, according to CoinGecko.

The rally didn’t stick, with BODEN and HUNTBODEN respectively down 6% and nearly 54% in the last 24 hours and JILLBODEN down 14.7%.BODEN 24-hour price chart showing a gain around the time of Hunter Biden’s conviction. Source: CoinGecko

The HUNTBODEN token has a significantly smaller market capitalization of under $583,000 compared to BODEN’s over $124.6 million, according to GeckoTerminal.

Hunter Biden, a recovering crack cocaine addict, was found guilty of lying on a form to buy a Colt revolver in 2018 that he wasn’t a drug user and declaring that was true. The third charge was for keeping the gun for 11 days.

He now faces a maximum of 25 years in prison.

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Meanwhile, Doland Tremp (TREMP) — the purposefully misspelled Solana memecoin for President Biden’s political rival Donald Trump — dropped over 12% on the day to $0.93.

Their price drops come alongside a wider market downturn. Top meme tokens Dogecoin (DOGE), Shiba Inu (SHIB) and Dogwifhat (WIF) have seen 5% or more drops in the last day, with Pepe (PEPE) the only major memecoin to see slight gains of over 5.5%.

Bitcoin (BTC) and Ether (ETH) have also seen respective drops of 3% and 4.5% in the last day — the top cryptocurrency is trading at $67,395 while ETH is sitting at $3,503, according to Cointelegraph Markets Pro.

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