Memecoins
Joe Biden replacement memecoins explode as speculation of his exit grows
TDR’s three key takeaways on Joe Biden’s replacement Memecoins are soaring as speculation about his departure increases:
- Following a report from the New York Times, speculation about a possible withdrawal of President Joe Biden in 2024 has increased, sending Polymarket’s odds up from 55% to 80%.
- Speculation about Biden’s future has impacted the cryptocurrency market, with meme coins linked to potential successors surging and Biden-inspired coins experiencing significant volatility.
- The White House spokesman responded to the rumors, saying the New York Times article was false.
Speculation about President Joe Biden dropping out of the 2024 race has generated significant buzz on Polymarket. This follows a New York Times article and recent debates, despite denials from the White House. The increase in odds on Polymarket has led to a surge in Biden’s replacement coins.
The odds of President Biden dropping out of the 2024 White House race have jumped to nearly 80% on Polymarket. This speculation follows a recent New York Times report and a series of debates. While the White House has denied these rumors, they continue to gain traction. The rise in Biden replacement coins highlights the volatility and public interest in Biden’s potential successors.
The increase in odds on Polymarket The growing uncertainty surrounding Biden’s candidacy is reflected in the growing uncertainty. Polymarket, a popular prediction market, has seen an influx of bets on Biden’s potential withdrawal. An anonymous Biden ally, quoted in the New York Times, said, “He knows that if he has two more events like this, we’re going to be in a different situation.” The statement further fueled the rumors.
On the social media platform X, a White House spokesperson responded to the rumors, saying the New York Times article was false. Despite this, speculation continues to drive market behavior, with Biden’s replacements posting significant gains. These meme coins have become a focal point for investors looking to capitalize on political uncertainty.
Speculation has not only affected political betting markets, but also the cryptocurrency space. Biden replacement meme coins are booming as investors speculate on who could replace him if he steps down. The volatility of these meme coins reflects the market’s reaction to the ongoing rumors. Want to stay up to date on the latest cannabis, AI, small cap and crypto news? Subscribe to our daily Baked in newsletter!