Biden, Trump meme coins are on wildly different trajectories
A meme coin parodying President Joe Biden is up almost 271% over the last 30 days. Meanwhile, digital assets tied to former President Donald Trump — scheduled to appear in criminal court Monday, April 15 — are plummeting in value.
Sales volumes for non-fungible tokens (NFTs) on Ethereum hit $536 million in the last 30 days, according to data aggregator CryptoSlam.
However, interest in the Trump NFTs seems to have waned as the twice-impeached GOP candidate faces a criminal trial in New York for allegedly falsifying business records.
Drastic drop
Trading volumes for Trump’s official NFT collection plummeted in value more than 99% in the last 30 days.
According to data from online NFT marketplace OpenSea, the trading volume of the 45,000 Trump Digital Trading Cards — featuring photoshopped images of the quadruple-indicted Republican — has dropped drastically in the last 30 days.
The NFTs, which sold for $99 a piece when launched in December 2022, have not recorded any trading activity in the past week.
NFTs aren’t the only Trump-themed digital assets that are floundering.
A meme coin inspired by his slogan, “Make America Great Again,” lost more than 4% of its value in the last 24 hours.
MAGA was also in the red in the seven-day and 30-day timeframes. According to data from CoinGecko, the joke token’s price has nosedived by nearly 25% in the last 30 days and about 21% over seven days.
However, it had a positive price difference over 14 days, registering a nearly 18% growth in value in that period.
Meanwhile, the parent company of Trump’s conservative-leaning social media network — Trump Media & Technology Group Corp. — saw its shares lose roughly $4.5 billion in market value since going public on March 26.
‘Boden’ gets a boost
While the MAGA coin has been slipping, another meme coin — one that parodies President Joe Biden — has been making significant gains.
Per data from CoinGecko, the so-called Jeo Boden (BODEN) coin is up 24.4% in the last 24 hours and is currently trading at $0.6792.
The coin’s value is also up nearly 63% over two weeks and almost 271% over the last 30 days.
BODEN currently has a market cap of $475,326,682 and registered a trading volume of $25,247,510 in the previous 24 hours.
It is not affiliated with the White House or the Biden campaign.
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