Memecoins inspired by potential Joe Biden replacements rally after he catches COVID-19 | Headlines | News | CoinMarketCap
07/18/2024 16:54
After incumbent U.S. president Joe Biden mentioned he would drop out of the 2024 race if diagnosed with a medical condition, on Wednesday it was …
After incumbent U.S. president Joe Biden mentioned he would drop out of the 2024 race if diagnosed with a medical condition, on Wednesday it was announced that he has tested positive for COVID-19.
Polymarket currently forecasts a 63% chance of Biden dropping out after his diagnosis. In the past 24 hours, memecoins inspired by potential Biden successors, such as the misspelled Gabin Noosum (ticker: NOOSUM) and Kamala Horris (ticker: KAMA), have rallied over 209% and 100%, respectively.
In contrast to the rally of Biden replacement memecoins, PolitiFi category memecoins inspired by Donald Trump have fallen. MAGA (ticker: TRUMP) and the misspelled "Doland Tremp" memecoin (ticker: TREMP) have fallen over 6% and 15% respectively in the past day, according to Coingecko data.