Memecoins with themes declaring
Joe Biden dead are rapidly gaining attention, fueled by baseless rumors and social media speculation.
Points
- Memecoins themed around Joe Biden’s death are proliferating.
- Biden Dead （BIDEAD） and Biden Done （BIDONE） have quickly reached significant market caps.
- Rumors about Biden’s health have fueled the creation and popularity of these coins.
- Official statements contradict these rumors, indicating Biden’s normal health.
Memecoins themed around the purported death of Joe Biden are proliferating, capitalizing on baseless rumors and social media speculation. Biden Dead （BIDEAD） and Biden Done （BIDONE） are two of the most prominent examples, both quickly reaching significant market caps.
Rapid Market Growth
Biden Dead （BIDEAD） was created on Monday and has already reached a market cap of $660,000. Soon after, Biden Done （BIDONE）, featuring a cartoon of the president’s skeleton, reached a market cap of $567,000. These coins emerged following a Twitter account, Global Press, claiming that a “verified source” indicated Biden was ‘unlikely to survive the night’ after testing positive for COVID-19.
Official Health Updates
Contrary to these rumors, official statements from the president’s physician indicate that Biden’s vitals are completely normal, and his COVID-19 symptoms have almost resolved completely. This information has done little to quell the rapid creation and trading of these meme coins, highlighting the speculative nature of the crypto market.
Market Sentiment and Speculation
The creation and popularity of these coins underscore the speculative and often whimsical nature of the meme coin market. Investors are drawn to the potential for quick gains, despite the dubious origins of these tokens. This trend also reflects the broader phenomenon of meme coins capitalizing on viral events and internet culture.
Investor Caution
While these coins may present opportunities for quick profits, they also come with significant risks. Investors should exercise caution and conduct thorough research before engaging with any meme coin, particularly those based on unfounded rumors and speculative themes.
解説
- Proliferation: Rapid creation and popularity of Biden-themed memecoins.
- Market Reaction: Significant market caps despite baseless rumors.
- Official Contradictions: Statements indicating Biden’s good health.
- Speculative Nature: Reflects the whimsical and speculative tendencies of the meme coin market.
- Investment Risks: Importance of caution and thorough research for investors.