The survival chances pf Jeo Boden BODEN/USD, the Joe Biden-inspired meme coin on Solana SOL/USD have been called into question following the first presidential debate.
What Happened: Prominent crypto trader DonAlt highlighted the meme coin's price action since its highs, questioning whether it would become the “first popular meme to die.”
Heavily followed crypto trader Sticks responded that the meme coin is performing poorly because of Biden’s age-related issues. DonAlt responded that "Joe will disappear from the public eye and then this coin will trend to zero."
The trader also highlighted this being a good case study of what is to come in the future: "Memes are never funny for long."
Another crypto trader announced plans to double down at a $24 million valuation for an average entry of $33 million. Currently, Boden’s valuation stands at $30 million.
Also Read: What Is Going On With The TRUMP Meme Coin?
Why It Matters: The Joe Biden-inspired meme coin has suffered from the aftermath of the first presidential debate, which raised concerns about the President‘s mental and physical acuity.
European allies voiced their concern, with some calling on the President to pull out of the race.
A recent exclusive USA TODAY/Suffolk University Poll shows Donald Trump (41%) ahead of Joe Biden (38%) ,after the survey in May showed the two contenders tied, 37% to 37%.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Image created using artificial intelligence with Midjourney.
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