A sector of memecoins centered around U.S. President Joe Biden and Republican frontrunner Donald Trump is suffering a bigger selloff than the broader crypto market.

The Political Finance (PolitiFi) memecoin market cap has decreased by over 13% in the past 24 hours, according to CoinGecko. Meanwhile, the price of bitcoin has dropped about 4% over the same timeframe, while Ethereum is down 5.4%, according to The Block's crypto price data.

The FreeTrump token ($TRUMP) led the fall, down 45% over the past 24 hours. MAGA (TRUMP), the largest PolitiFi coin by market cap ($560 million), is down 13%. These tokens have no official affiliation with any political figures.