Massive Meme Coin Volatility as Joe Biden Quits US Presidential Race: Details
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 22 2024Biden's Decision: President Joe Biden announced he will not seek re-election, endorsing Vice President Kamala Harris as the Democratic nominee, which has garnered significant support from party members. His decision follows criticism of his performance in a recent debate and concerns about his health after testing positive for COVID-19.
Market Impact: The announcement led to notable volatility in the cryptocurrency market, with Biden-related meme coins experiencing significant drops while a token associated with Harris surged nearly 90%. This highlights the risks involved in trading meme coins, emphasizing the need for careful investment strategies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
