The world of cryptocurrency was hit with a major blow as a BODEN trader reportedly lost a staggering $8 million. This loss comes amidst the current memecoin season,which has been trending in the market. However, the recent news of US President Biden dropping out of the 2024 election has caused a sharp decline of over 60% in Biden-related memecoins. This unexpected turn of events has left investors in a state of uncertainty, but experts believe that the memecoin seasonwill still prevail.