After Hunter Biden, son of U.S. President Biden, was found guilty on three federal felony gun charges, the Biden-themed Solana on-chain meme coin briefly surged before falling again.
CoinGecko data shows that within five hours after a Delaware federal court jury convicted Hunter Biden on June 11, Jeo Boden (BODEN) rose 26% to a 24-hour high of nearly $0.20.
Around the same time, Hunter Boden (HUNTBODEN) rose 116% to a daily high of $0.0022, while the first lady-themed Jill Boden (JILLBODEN) fell 9%.
However, the rally did not last, with BODEN and HUNTBODEN falling 6% and nearly 54% respectively in the past 24 hours, with JILLBODEN falling 14.7%.
The current PolitiFi sector market value has fallen to $1.57 billion, a 24H decline of 9%. (Cointelegraph)