After Biden's son was found guilty, the related Meme coin Hunter Boden increased in value
The U.S. political-themed Meme coin market has suffered a heavy setback, with its market value dropping more than 13% in the past 24 hours. In comparison, Bitcoin fell about 4%, and Ethereum dropped by 5.4%. The FreeTrump token (TRUMP) led the decline, falling by 45%; the largest market cap MAGA (TRUMP) fell by 13%. The market is highly volatile; please manage your risk accordingly. A U.S federal jury found Hunter Biden guilty on three federal felony firearm charges, marking the first time President Biden's son has been convicted of a crime. After the announcement, Hunter Boden tokens (HUNTERBODEN) on Solana rose over 30% within 24 hours to $0.001514. Jeo Boden (BODEN), however, fell by 5.5% to $0.1855.The stock market also faced selling pressure while waiting for monthly consumer price index reports and Federal Reserve monetary policy announcements.In recent weeks expectations for Fed rate cuts have weakened.
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