In the world of cryptocurrency, meme coins have become a popular trend. These tokens are inspired by famous individuals, and their prices can fluctuate based on various factors, including political sentiment. The recent presidential debate between Joe Biden and Donald Trump had a surprising impact on the meme coins associated with their names.

The Trump meme coin, MAGA (TRUMP), experienced a significant decline in value, dropping from $9.6 to $7.19, a 25% loss. On the other hand, the Biden meme coin, Jeo Boden (BODEN), fell even more, plummeting 53% from $0.17 to $0.07. This phenomenon is not new, as political events have influenced celebrity-based meme coins in the past.

Despite the recent decline, MAGA (TRUMP) has performed better overall, thanks to its longer presence in the market and Trump's vocal support for the cryptocurrency industry. The token has surged 48346% since its launch and hit an all-time high earlier this month. In contrast, Jeo Boden (BODEN) has lost 91% of its value since its peak in early April.

The impact of political sentiment on meme coins is a fascinating phenomenon. As the next presidential debate approaches, it will be interesting to see how these tokens react. Will they continue to decline, or will they experience a resurgence? One thing is certain - the world of cryptocurrency is full of surprises.

In conclusion, the recent presidential debate had a significant impact on the meme coins associated with Joe Biden and Donald Trump. While MAGA (TRUMP) has performed better overall, both tokens have experienced significant declines in value. As the political landscape continues to evolve, it will be fascinating to see how these tokens react. Will they continue to be influenced by political sentiment, or will they break free from these trends? Only time will tell.