A meme coin parodying President Joe Biden is up almost 271% prior to now 30 days. In the meantime, the worth of digital belongings linked to former President Donald Trump – who will seem in prison court docket on Monday, April 15 – is plummeting.
In accordance with knowledge aggregator CryptoSlam, gross sales volumes for non-fungible tokens (NFTs) on Ethereum reached $536 million over the previous 30 days.
Nonetheless, curiosity within the Trump NFTs seems to have waned because the twice-impeached Republican candidate faces a prison trial in New York for allegedly falsifying firm knowledge.
Drastic decline
Buying and selling volumes for Trump’s official NFT assortment have fallen by greater than 99% in worth over the previous 30 days.
In accordance with knowledge from on-line NFT market OpenSea, buying and selling quantity of the 45,000 Trump Digital Buying and selling Playing cards – that includes photoshopped photos of the four-time indicted Republican – has fallen dramatically over the previous 30 days.
The NFTs, which bought for $99 every once they launched in December 2022, haven’t recorded any buying and selling exercise over the previous week.
NFTs aren’t the one Trump-themed digital belongings floundering.
A meme coin impressed by his slogan “Make America Nice Once more” misplaced greater than 4% of its worth prior to now 24 hours.
MAGA was additionally within the crimson within the seven-day and 30-day durations. In accordance with knowledge from CoinGecko, the worth of the joke token has fallen by virtually 25% within the final 30 days and by round 21% in seven days.
Nonetheless, it had a constructive 14-day value differential and registered a worth progress of just about 18% throughout that interval.
In the meantime, the mother or father firm of Trump’s conservative-leaning social media community – Trump Media & Expertise Group Corp. – its shares have misplaced roughly $4.5 billion in market worth since its March 26 IPO.
‘Boden’ will get a lift
Whereas the MAGA coin is slipping, one other meme coin — one which parodies President Joe Biden — has made vital beneficial properties.
In accordance with knowledge from CoinGecko, the so-called Jeo Boden (BODEN) coin has risen 24.4% within the final 24 hours and is at the moment buying and selling at $0.6792.
The worth of the coin has additionally elevated by virtually 63% in two weeks and by virtually 271% within the final 30 days.
BODEN at the moment has a market cap of $475,326,682 and recorded a buying and selling quantity of $25,247,510 within the final 24 hours.
It’s not affiliated with the White Home or the Biden marketing campaign.
