How are Joe Biden Memecoins Performing After Hunter Biden’s Guilty Verdict?

LUCKNOW (CoinChapter.com) — Hunter Biden, the son of President Joe Biden, has been found guilty of lying about his drug use when purchasing a gun. After deliberating for three hours, the jury convicted him on three charges related to the gun purchase. He now faces a maximum sentence of 25 years in prison, though sentencing typically occurs within 120 days.

The verdict elicited little visible emotion from Hunter Biden, who stared ahead stoically with folded arms before hugging members of his legal team. President Joe Biden released a statement saying he would “accept the outcome of the case” while reaffirming his support for his son, stating, “Nothing will ever change that.”

However, the president confirmed he would not pardon Hunter for the guilty convictions despite having the power to do so. The high-profile case has become a political lightning rod, with Republicans criticizing Hunter’s business dealings and the former Trump campaign dismissing the verdict as a “distraction.”

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From BODEN to HUNTBODEN — Memecoins Spill Red and Green

After the courtroom drama, several Joe Biden-themed memecoins experienced volatility and price swings. Here’s how some of the major tokens performed:

Jeo Boden (BODEN)

The Jeo Boden memecoin is currently trading as BODEN. Its price surged 17.99% over the past 24 hours to $0.1916. However, it has declined 46.57% over the past week. With a circulating supply of 690 million BODEN, the token’s market cap sits at $132 million.

Joe Biden (BIDEN) 

This Joe Biden inspired memecoin token saw a 3.26% price decline to $0.008283 in the 24 hours following the verdict. This memecoin is centered around the 2024 presidential election. The total Joe Biden token traded in the past 24 hours is worth around $1.9 million and has a total market cap of $7.83 million.

JOE (BIDEN)

The JOE token, distinctly named BIDEN, went up 17.2% to $0.018 with 24-hour trading volumes of $305,833. This memecoin is up 0.36% when compared to the past 7 days. Currently, JOE market cap sits at $567,910.

Joe Biden 2024 (BIDEN)

Launched in May on the Solana blockchain, the Joe Biden 2024 memecoin experienced a 5.9% price drop to $0.001778. Despite the recent decline, the token’s market cap surged from $70,000 to $1.7 million within five days of its debut.

Jill Boden (JILLBODEN)

The Jill Boden memecoin saw a 7.01% price decline over the past day to $0.00009776, with its price down 29.96% over the last week. Its 24-hour trading volume was $2,067.33.

Hunter Boden (HUNTBODEN)

Representing the president’s son at the center of the controversy, the Hunter Boden memecoin plunged 51.75% to $0.0004728 in the last 24 hours. Its weekly losses totaled a staggering 78.91% amid a heightened 24-hour trading volume of $1,324,684.74.