The recent debate between President Joe Biden and former President Donald Trump has sent shockwaves through the political token market, with Biden-themed cryptocurrency Jeo Boden (BODEN) plummeting 45.62% in the past 24 hours. Meanwhile, Trump-themed cryptocurrencies Super Trump (STRUMP) and NEVER SURRENDER (TRUMP) also saw significant declines, dropping 18.42% and 43.55%, respectively.

The debate, which failed to address cryptocurrencies, has led to a surge in bets on Polymarket, a decentralized prediction market platform, with a 43% chance that Biden will drop out of the presidential race, up from 19% in the past 24 hours. Participants are divided, with some believing Biden's age and health issues make him unfit for the presidency, while others think he will push through despite the odds.

The crypto community has been vocal about its support for Trump, who has expressed a willingness to regulate digital assets and make adoption easier. In contrast, Biden's administration has been seen as hostile to cryptocurrencies, with the collapse of FTX and several banking firms, as well as the SEC's crackdown on crypto companies.

Despite the lack of discussion on cryptocurrencies during the debate, Trump and Biden have both addressed the community's concerns in recent weeks. Trump has accepted crypto donations for his campaign, while Biden's administration has been criticized for its handling of the crypto market.

The volatility in political tokens and the surge in bets on Polymarket reflect the uncertainty and unpredictability of the presidential race. As the second debate approaches on September 10, the crypto community will be watching closely to see if digital assets will be addressed. Meanwhile, another presidential candidate, Robert F. Kennedy Jr., has taken a different approach, addressing cryptocurrencies in his answers during an alternative "real debate" on X.