The recent presidential debate had an unexpected effect on the cryptocurrency market, particularly on meme coins inspired by Donald Trump and Joe Biden. The debate's outcome led to a significant decline in the prices of MAGA and BODEN meme coins, despite Trump's aim to make the US a cryptocurrency hub.

MAGA, the Trump-inspired coin, experienced a sharp price drop, falling from $17 to $7.22. Its market capitalization is $317 million, and it ranks 213th in terms of trading volume. The 24-hour trading volume surged by 172%, reaching $23 million, indicating a significant sell-off.

On the other hand, BODEN, the Biden-inspired token, also saw a notable decline, dropping by 32% in the last 24 hours. Its price now stands at $0.084, with a market capitalization of $64 million. The trading volume increased by 92%, reaching $29.2 million, contributing to the price drop.

The volatility of meme coins is well-known, and this price movement aligns with their inherent nature. Despite Trump's support for cryptocurrency, the price drop of MAGA remains unexplained. The outcome of the debate and its impact on the cryptocurrency market will be interesting to observe in the coming days.

In conclusion, the presidential debate had an unexpected impact on meme coin prices, with MAGA and BODEN experiencing significant declines. The cryptocurrency market's reaction to the debate's outcome and Trump's aim to make the US a cryptocurrency hub will be closely watched by investors and enthusiasts alike.